Record-breaking first half of 2024 for U.S. stock market
- S&P 500 index set to post big gains in first half of 2024
- Historical average gain of 4.72% since 1953 surpassed by 14.8% year-to-date gain
- Big Tech stocks driving S&P 500’s rally in 2024
- Nvidia, Meta Platforms, Alphabet, Amazon, and Microsoft shares soar more than S&P 500 index this year
- U.S. stock market closed higher in June
- July historically a strong month for equities
The S&P 500 index is on track to achieve significant gains in the first half of 2024, surpassing the historical average of 4.72% since 1953 with a year-to-date gain of 14.8%. Big Tech stocks like Nvidia, Meta Platforms, Alphabet, Amazon, and Microsoft have contributed to this growth. The U.S. stock market closed higher in June, with the S&P 500 up 3.8% for the month. July is historically a strong month for equities.
Factuality Level: 8
Factuality Justification: The article provides accurate information about the S&P 500 index’s performance, cites a source (Bespoke Investment Group) for its claims, and discusses specific companies that have contributed to the rally. It also includes relevant historical data and market trends. However, it contains some minor repetition in mentioning the S&P 500’s gains multiple times.
Noise Level: 6
Noise Justification: The article provides some relevant information about the S&P 500 index’s performance but lacks depth and analysis. It mainly reports on stock market gains without exploring the reasons behind them or discussing potential risks or consequences for investors. The language is simple and repetitive, making it more of a news update than an in-depth analysis.
Public Companies: Nvidia Corp. (NVDA), Meta Platforms Inc. (META), Alphabet Inc. (GOOGL), Amazon.com Inc. (AMZN), Microsoft Corp. (MSFT)
Key People: Bespoke Investment Group (Investment Group)
Financial Relevance: Yes
Financial Markets Impacted: S&P 500 index, Nasdaq Composite, Dow Jones Industrial Average
Financial Rating Justification: The article discusses the performance of various financial market indices and individual stocks, such as S&P 500, Nasdaq Composite, and Dow Jones Industrial Average. It also mentions the impact of specific companies like Nvidia Corp., Meta Platforms Inc., Alphabet Inc., Amazon.com Inc., and Microsoft Corp. on these indices.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no mention of an extreme event in this article. It discusses the positive performance of the S&P 500 index and some Big Tech stocks.
www.marketwatch.com 
