U.S. Stock Market Soars: A Bull Run Fueled by AI and Trump's Win

U.S. stocks index futures saw gains during the last trading session of 2024, fueled by economic resilience, lower interest rates, and AI advancements. The S&P 500 and other major indices reached record highs, supported by technology stocks. Trump's presidential win provided a boost, especially for small-cap and crypto stocks.


Devdiscourse News Desk | Updated: 31-12-2024 17:04 IST | Created: 31-12-2024 17:04 IST
U.S. Stock Market Soars: A Bull Run Fueled by AI and Trump's Win

In a robust end to 2024, U.S. stock index futures ticked higher, driven by optimism over economic recovery, anticipated lower borrowing costs, and a buoyant AI sector.

The S&P 500, Dow, and Nasdaq achieved near-historic levels, set to close higher for a second consecutive year with substantial input from technology and artificial intelligence stocks.

Donald Trump's presidential win further energized markets, benefiting small-cap stocks and lifting cryptocurrencies, with bitcoin reaching $100,000.

(With inputs from agencies.)

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