Published on 22 Apr 2024 on Motley Fool via Yahoo Finance
The S&P 500 Is Near Its Record High: Here's What Warren Buffett Is Doing
The capital markets have gotten off to a red-hot start in 2024. The Nasdaq Composite index is up nearly 4% so far this year, while the S&P 500 has gained closer to 5% as of market close on April 17.
While a small cohort of megacap-technology companies collectively known as the "Magnificent Seven" have played a big role in the market's upward movements, the excitement surrounding artificial intelligence has spread to small and mid-cap technology enterprises as well. Moreover, some companies in the pharmaceutical industry have been witnessing increased buying activity thanks to breakthroughs in obesity care and diabetes medications.