The latter part of 2024 has proven to be a lucrative period for stock market enthusiasts, with the S&P 500 experiencing a notable surge of 5% and a cumulative gain of nearly 20% since the start of the year. In a surprising turn of events, value-oriented investments took center stage during the quarter, with the S&P 500 Value Index posting an impressive 7% increase. In contrast, growth-focused investments trailed behind, with the S&P 500 Growth Index managing a modest 3% uptick. The top-performing sectors during this period included Real Estate, Utilities, Financials, Healthcare, and Industrials, while Information Technology and Energy struggled to keep pace. Meanwhile, the average stock within the Argus Universe of Coverage saw a substantial 8% increase over the quarter, underscoring the widespread optimism in the market.
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