In recent weeks, the stock markets in New York have seen unprecedented growth, with the S&P 500 index rising a staggering 22.5 percent over just 15 weeks. This historic increase marks a significant milestone for this index, which tracks the price development of the 500 most important companies in the United States.
According to data from Dow Jones, the S&P 500 index has risen in all but one of the past 15 weeks, with the last winning streak lasting nearly four years back in 1972 during Richard Nixon’s presidency. The current winning streak is now at an impressive 14 out of 15 weeks, and other US stock market indices are also experiencing historically high growth rates.
One of the key drivers behind this surge in stock prices is improved earnings from large technology companies, as well as expectations for future interest rate decreases from the US central bank. Additionally, investors seem to be inspired by potential efficiency improvements brought about by artificial intelligence.
Despite some initial concerns about a recession last year, economic growth has been allowed to continue, leading to a remarkable 14-month rise in American stock markets. As we move forward into this new year, it will be interesting to see if this momentum can continue or if we’ll see a pullback in stock prices at some point. Only time will tell.