Posted 3/28/2024, 11:10:00 AM
Markets Hit Record Highs in Q1 2024 Despite Challenges; Big Tech Mixed While Microsoft and Amazon Rally
- The first quarter of 2024 saw record highs for markets despite higher interest rates and economic uncertainty
- The S&P 500, Dow, and Nasdaq are on pace to post strong gains for Q1 2024
- Some big tech stocks like Apple and Tesla struggled this quarter but others like Microsoft and Amazon rallied
- Historical data shows new highs early in the year often lead to positive annual returns, but some indicators suggest overvaluation
- A dispute between Disney and Florida governor Ron DeSantis over the "Don't Say Gay" bill has been settled after nearly 2 years