Summary
The S&P 500 is on target for another breakout year in 2024, with an advance of more than 20%. The rally in 2024 extended somewhat from 2023, when only a handful of stocks drove the market higher. In 2024, several sectors outperformed the S&P 500, including communications services, information technology, consumer discretionary and financials. Even the utilities sector increased by almost 20%. The average BUY-rated stock under Argus coverage rose 19%, while the average HOLD-rated stock gained 0.5






