Published on 2 Apr 2024 on Zacks via Yahoo Finance
Top ETF Stories of Q1 of 2024
The S&P 500 just closed out best first quarter since 2019. The S&P 500 has added more than 10% return in the first quarter of this year while the Dow Jones is up 5.6% and the Nasdaq has gained 9.4%. All three major U.S. indexes have now risen for five straight months. The small-cap index Russell 2000 has nudged up 4.8% in Q1.
Wall Street firms have been trying hard to keep up with the relentless surge of the S&P, which prompting them to continuously raise their year-end price targets. This rally, initially led by mega-cap stocks, is now displaying signs of broadening. And, historical patterns indicate that this momentum might persist.
Let’s delve deeper into the top ETF stories of the first quarter of 2024.