The stock market has soared this year, but will it last? Experts weigh in
The Nasdaq has climbed roughly 36% this year; while the S&P 500 has jumped 18%. As long-standing recession alarms continue to blare from some forecasters, investors don’t appear to hear them. The S &P 500 -- the index that most people's 401(k)s track -- has climbed more than 18% since the start of this year, while the tech-heavy Nasdaq has jumped a staggering 35%. The Dow Jones Industrial Average, which has jumped some 6% this year, notched its eighth consecutive day of gains on Wednesday, the longest such streak since 2019. The blockbuster stock market performance this year owes much to a significant cooldown of i NFL ation that has bolstered expectations that the Federal Reserve can bring price hikes to normal levels without causing a severe downturn, analysts told ABC News. Those analysts also noted that enthusiasm about artificial intelligence has provided a boost for major tech stocks that are disproportionately reflected in the gains of major indices weighted toward...