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US stocks surge amid AI hype despite market volatility
US stock market bounced back, S&P 500 up 16% in 2023, driven by AI excitement amid policy uncertainties.
US stock market bounced back, S&P 500 up 16% in 2023, driven by AI excitement amid policy uncertainties.
The US stock market has experienced a rollercoaster year, with the S&P 500 nearly entering a bear market in April due to tariff concerns. Investor sentiment shifted following policy changes from President Trump, setting the stage for a dramatic rebound.
By June, the S&P 500 was hitting new records, fueled by excitement over artificial intelligence and its impact on the tech sector. Corporate profit forecasts improved, contributing to an overall annual gain of 16%, despite ongoing market fluctuations.
Yet, the S&P 500 still trails international markets, reflecting lingering policy uncertainties in the US.
Investors are watching closely to see how domestic and global factors will shape the next year.
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