Volatile Q4 sees tech stocks leading rally, leveraged ETFs offering short-term gains

From Zacks Investment Research: 2024-12-24 12:06:23

The U.S. stock market saw a volatile fourth quarter in 2024, with the Dow Jones Industrial Average surpassing 45,000 and the S&P 500 reaching nearly 6,100. Tech stocks led a strong rally, but the Fed’s less dovish stance caused a mid-month stumble. Investors turned to leveraged ETFs for big gains, with top performers including BTFX, WEBL, WANT, CLDL, and FNGU. The U.S. economy showed signs of growth, with rising consumer confidence and higher spending power. Bitcoin hit a record high but later dipped. These leveraged ETFs offer opportunities for short-term gains, but are highly volatile and best suited for short-term traders.



Read more at Zacks Investment Research: 5 Best Leveraged ETFs of Q4 – December 24, 2024