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AI Revolution, Fed’s Pivot Power US Stock Market To A Record Year: This Week In Markets

Published by
Benzinga

The U.S. stock market bids farewell to a truly unforgettable year, characterized by the artificial intelligence revolution, which defied numerous gloomy forecasts made at the year’s outset. All the major U.S. indices concluded the year either at or near unprecedented highs, driven by a robust surge in the final two months of 2023. Notably, the tech-heavyNasdaq 100 showcased its most robust annual performance since the dot-com boom of 1999. Besides the AI-driven surge, the Federal Reserve’s year-end pivot towards a more accommodating stance also played a pivotal role in propelling tech stocks t…

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