Chicago, IL – December 9, 2024 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include including Sprouts Farmers Market Inc. SFM, Vistra Corp. VST, EMCOR Group Inc. EME, Carvana Co. CVNA and Comfort Systems USA Inc. FIX.
Wall Street ended November on a solid note maintaining an impressive rally since January 2023. Last year, the Dow, the S&P 500 and the Nasdaq Composite — rallied 13.7%, 23.9% and 43.4%, respectively. After this astonishing performance, year to date, the Dow, the S&P 500 and the Nasdaq Composite — have advanced 18.7%, 28.1% and 33.4%, respectively.
However, this astonishing rally has been predominantly one-sided with the technology sector being the predominant gainer and undisputed leader. The massive adoption of generative artificial intelligence technology worldwide has resulted in soaring stock prices in this space. Stock prices of several technology behemoths have skyrocketed by 300-400% in less than two years.
Nevertheless, situations have changed to some extent in 2024. A strong U.S. economy, the Fed’s low-interest rate regime and a significant reduction in inflation rate have shifted market participants’ preference from technology to other non-tech cyclical sectors. Consequently, various non-tech stocks have also surged this year.
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