Analysts predict these 3 stock market sectors will finish 2024 strong
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The recent selloff in tech stocks gave investors a fright, but the market is still in the midst of a bull run and analysts say certain sectors are poised to outperform in the second half of the year.
Last Tuesday, the tech-heavy Nasdaq posted its worst single-day performance since 2022. Nonetheless, on Monday the index gained 1.68% and remains up over 22% in 2024. Meanwhile, the S&P 500 — which dropped 2.86% between last Tuesday and Friday — is up 1.09% Monday and 17.33% on the year.
Investors who pay close attention to the market’s daily movements may have whiplash from this kind of heightened volatility. But the episode offers yet another example of short-term market fluctuations that can be disregarded by well-prepared buy-and-hold investors.
What’s noteworthy going forward is that the market has demonstrated ongoing strength particularly outside of tech, providing validity to a broad-based bull market that now includes a handful of industries that previously weren’t participating. Here are three sectors of the stock market that are widely expected to outperform over the next few months.
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