Summary
The S&P 500 is on track for a new top year in 2024, with a rise of more than 20%. The 2024 rally extended slightly from 2023, when just a handful of stocks drove the market higher. Several sectors surpassed the S&P 500 in 2024, including communications services, information technology, consumer discretionary and financials. Even the Utilities sector rose almost 20%. The average stock with a BUY rating under Argus coverage rose 19%, while the average stock with a HOLD rating rose 0.5.
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