Insane 2023 Stock Market Surge!
In 2023, the stock market experienced a remarkable year, with the S&P 500 surging by 24%, marking its best performance since 2020. This success was largely driven by the tech and AI sectors, which saw significant growth and contributed to the overall market’s strength.
The Dow Jones Industrial Average also had a strong year, gaining 14%, and even setting multiple record highs in the last few trading sessions of the year. Meanwhile, the tech-heavy Nasdaq Composite index outperformed both the S&P 500 and Dow, with a remarkable 43% gain in 2023.
Despite a challenging year for some individual stocks, such as Meta, Tesla, and Amazon, these companies still managed to make substantial gains. In fact, the “Magnificent Seven” tech stocks – Nvidia, Meta, Tesla, Amazon, Google, Microsoft, and Apple – all experienced significant growth, with Nvidia leading the pack with a 239% increase!
Meanwhile, the vast majority of the media loved to drive recession fears all year…