S&P 500 hits all-time high in 2024, fueled by big tech gains, potential growth opportunities

From AOL: 2024-07-01 07:50:10

The S&P 500 rebounded in 2023, up over 24% after a 19% dip the previous year, hitting a new high of 5,487 in June. Big tech giants like Apple and Nvidia have fueled gains, with six top companies making up nearly 30% of the index and potential growth opportunities ahead.

Historically, the S&P 500 tends to finish with better returns than it started within the first six months, pointing to potential gains by the end of the year. Despite market uncertainty, consistency in investing through dollar-cost averaging can help investors weather market fluctuations and build wealth over time.

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Read more at AOL: The S&P 500 Hit an All-Time High in the First Half of 2024 — Should Investors Expect a Decline to Finish the Year?