Stock market today: Dow, S&P 500, Nasdaq rebound as stocks look to end roaring 2024 with a bang

Published On Dec 31, 2024, 9:32 AM

U.S. stocks are seeing a rebound, with the S&P 500 rising by 0.2%, the Nasdaq by 0.4%, and the Dow Jones by 0.2%. This comes as 2024 wraps up with notable gains in the markets, driven particularly by the AI sector and key stocks often referred to as the 'Magnificent 7'. The S&P 500 has gained approximately 23.8% in 2024, while the Nasdaq has surged nearly 30%. Despite recent setbacks in the week prior, the overall market performance is positive, attributed to factors such as the Federal Reserve's recent interest rate cut and political developments involving President-elect Donald Trump, which have further boosted market confidence.