S&P 500 Marks Four Years of Gains After More Than Doubling

The S&P 500 has gained about 120% in four years, marking the latest anniversary of a bull market supported by earnings growth, resilient spending and artificial-intelligence investment. The benchmark marked the four-year milestone Monday after more than doubling from the level where the advance began. Higher investor premiums for future earnings and double-digit earnings growth have also supported the rise. Consumer spending and strong labor markets have provided additional support. Artificial-intelligence investment has spread across multiple sectors, adding another source of momentum to the index. Profits and returns have concentrated among a small group of globally distributed technology companies.

Source: TokenPost