Historical data supports potential year-end stock rally, major indexes hit record highs.

From Nasdaq: 2024-12-03 12:50:00

Stocks closed out November on a high note, with all major US indexes posting gains. The S&P 500 and Dow Jones hit record highs, while the Nasdaq remains near its peak. Sector rotation is evident, with financials and industrials taking the lead over tech stocks. More earnings reports are expected this week.

December historically favors stock gains, with strong odds in election years. The Dow, S&P 500, Nasdaq, and Russell 2000 have all shown positive trends in December. Economic indicators point to a resilient economy, with strong Black Friday and Cyber Monday sales and stable inflation. The job market remains robust.

Stocks to watch in December include Block, Amazon, and Tesla. Block saw record transactions, Amazon had a successful holiday event, and Tesla faced setbacks with CEO compensation. The S&P 500 is up over 25% this year, signaling a potential year-end rally. Consider Zacks’ portfolio services for market insights.



Read more at Nasdaq: Historical Odds Favor Year-End Rally: Stocks to Watch