S&P 500 Records Best First Quarter in Five Years, Nvidia’s Market Value Hits One Trillion US Dollars
The first quarter of 2024 has proven to be a strong one for the U.S. stock market, with the S&P 500 recording its best performance in five years. According to the latest data, the S&P rose more than 10% in the first quarter, marking a significant milestone for investors.
One standout performer in the first quarter was Nvidia, with the stock soaring 82% and its market value surpassing one trillion US dollars. This impressive growth has solidified Nvidia’s position as a key player in the technology sector and a top-performing stock in the market.
Despite some fluctuations throughout the quarter, the overall trend has been positive for U.S. stocks. The Dow and S&P 500 both reached record closing highs, with the Nasdaq also showing gains for the quarter. Tech stocks experienced mixed results, with Tesla facing a notable decline while other Chinese concept stocks saw increases.
In addition to the strong performance of stocks, other key market indicators have shown positive momentum. Gold prices saw a significant increase, setting a new record for the largest monthly gain since July 2020. The price of WTI crude oil also rose, reflecting growing demand and market confidence.
However, it’s important for investors to exercise caution and diligence when navigating the stock market. The financial community warns that the content, data, and tools in this article are for reference only and do not constitute investment advice. The stock market is inherently risky, so investors should approach it with care and seek professional guidance when needed.