S&P 500 index at a new peak: What's Behind the Market's Wild Ride

The S&P 500 stock index recently reached an all-time high after a turbulent two years when it was confronted with inflation fluctuations, turmoil in the banking sector and economic unrest. We look at the factors behind this rise and what we can expect in the near future.

The S&P 500 $^GSPCstock index recently experienced a stunning surge, reaching an all-time high. After two years of uncertainty that included soaring inflation, turmoil in the banking sector and economic unrest, the index has climbed to 4,839.8. What is behind this wild ride in the market?

One of the key factors is the expectation of lower interest rates and resilient growth in 2024. This hope has encouraged investors to buy stocks, with the S&P 500 index now by some definitions operating in a bull market since October 2022. by 25% since its peak in October 2022 the index began a gradual climb, and in 2023 ending with a 24% increase.

Another factor supporting the stock is optimism about artificial intelligence and the…