The main US stock market indices the S&P 500, DJIA and Nasdaq Composite are going to rise by more than 10 % in 2024, barring a credit, large bank default event cause by the already high level of interest rates.
The likely US stock market rally in 2024 will be driven mainly by technology and oil, gold and other commodities related stocks.
The current artificial intelligence, AI boom will continue feeding the higher price of technology stocks, while geopolitical tensions will raise prices of base metal miners, oil producers and precious metals miners' stock, according to Wolfteam LTD.
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