Summary
The S&P 500 is on target for another banner year in 2024, with an advance of more than 20%. The 2024 rally broadened out a bit from 2023, when only a handful of stocks propelled the market higher. In 2024, several sectors outpaced the S&P 500, including Communication Services, Information Technology, Consumer Discretionary, and Financial. Even the Utilities sector rose almost 20%. The average BUY-rated stock under Argus coverage increased 19%, while the average HOLD-rated stock gained 0.5
