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AI predicts S&P 500 index for year-end

Author: Content Editor
The S&P 500 index has reached new all-time highs, surpassing 5,900 for the first time in history. This surge is attributed to investor optimism following Donald Trump's victory in the 2024 U.S. presidential election, with expectations of pro-business policies and economic focus in the next four years. The market's bullish response resulted in an increase of $800 billion in market cap and a rise in the U.S. Dollar. Historically, the S&P 500 thrived during Trump's first term, benefiting from robust economic policies. Major indexes reflected the market's positive reaction to the election results, with the S&P 500, Dow Jones, and Nasdaq Composite all experiencing significant gains. Considering current trends and positive sentiment, it is projected that the S&P 500 could maintain its upward momentum and potentially close around 6,200 by the end of 2024. However, the future of the rally will depend on Trump's actions and the Federal Reserve's policies.

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