Wall Street Cheers: A Bull Rally Extends as 2024 Closes

Wall Street’s primary indexes rose during the final trading session of 2024. This surge was driven by signs of economic resilience post-pandemic, expectations of reduced borrowing costs, and an AI-driven boost. Key indexes include the Dow Jones, S&P 500, and Nasdaq Composite, all posting gains in the session.

Wall Street's major indexes witnessed an upward trajectory in the concluding trading session of 2024, reinforcing a bull rally initiated over two years ago. This gain is attributed to observable post-pandemic economic resilience, dreams of reduced borrowing costs, and a noticeable boost from artificial intelligence.

The Dow Jones Industrial Average climbed by 63.0 points, marking a 0.15% increase at the market's open, positioning at 42,636.7. Similarly, the S&P 500 experienced a 12.8 point rise or a 0.22% increase, standing at 5,919.74 at the opening.

The Nasdaq Composite also rose, adding 64.6 points or a 0.33% gain, to start at 19,551.358 as the trading bell rang. These upward movements showcase investor confidence in the vision of sustained economic growth and innovation.

(With inputs from agencies.)