The S&P 500 Just Did Something for the 1st Time This Century. History Says the Stock Market Will Do This Next.

Oct. 7, 2024 - The Motley Fool

The S&P 500 (^GSPC 0.90%) soared 20.

8% during the first three quarters of 2024, notching more than three dozen record highs along the way. The Magnificent Seven accounted for nearly half of the upside, and Nvidia alone accounted for nearly one-quarter of the gains in the S&P 500.

Importantly, this is the first time in the 21st century the S&P 500 has returned at least 20% through the first three quarters of the year. History points to upside in the S&P 500 through the rest of 2024The S&P 500 was created in March 1957.

Specifically, the S&P 500 started the year at 4,770 and it has advanced about 21% to 5,751...