Investors wrapped up another booming year that hoisted the S&P 500 to its second consecutive annual gain exceeding 20%, spurred by enthusiasm for rate cuts, economic strength and artificial intelligence. The S&P 500 surged 23.31% in 2024, building on a gain of 24.2% from last year. The two-year gain of 53% is the best since the nearly 66% rally in 1997 and 1998. Meanwhile, the Dow added 12.88% in 2024, while the Nasdaq has outperformed with a gain of 28.64%. Read more about the market action: cnb.cx/3PpjRaQ
