Market triumph in 2023: the bull outpaces the bears
At the start of 2023, forecasters expected recession, rising bond yields, and further stock declines. Yet by year-end, the stock market defied these predictions in spectacular fashion:
The S&P 500 surged ~25% in 2023, while the tech-heavy Nasdaq Composite rallied ~44% and the Dow Jones added roughly 4,500 points, hitting new record highs all despite early headwinds from inflation and aggressive rate hikes Investors markets.businessinsider.com.
The tech giants known as the “Magnificent Seven” (Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta, Tesla) drove more than 70% of the S&P's annual gains, signaling renewed investor confidence in innovation-led growth markets.businessinsider.com +1CBS News.
Markets shifted sentiment rapidly: U.S. stocks exited a bear market in June 2023 when the S&P closed above 4,292, marking a 20% rally off the October 2022 low—a classic indicator of recovery
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