The stock market boomed this year. What will happen in 2024?
ABC News
Interest rate cuts could rally stocks in 2024 but the measures also pose risks.
Shaking off a woeful performance last year, the stock market soared to record highs in 2023.
The S&P 500 -- the index that most people's 401(k)'s track -- climbed nearly 25% this year, as of Wednesday.
The Dow Jones Industrial Average leapt 13%; while the tech-heavy Nasdaq rose a staggering 44%.
Looking ahead, a central question looms over Wall Street: Will the good times keep rolling?
The stellar performance owed in large part to optimism about the prospects for a "soft landing," in which inflation comes down to normal levels while the economy avoids a recession, prominent experts said in end-of-year reports. Investor enthusiasm about AI also helped drive returns, they added.
