AI Mania Driving Nasdaq 100’s Best Run Since 1999: Markets Wrap
- Tech-heavy gauge set for best year since dot-com bubble era
- US Treasuries decline after weak sale of seven-year notes
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A banner year for stocks is drawing to an end, with the market near all-time highs amid the artificial-intelligence exuberance and dovish Federal Reserve wagers.
In the run-up to the final closing bell of 2023, the Nasdaq 100 wavered — while still set for its best year since 1999 after a $7 trillion surge. The S&P 500 came close to a record, and was 1% below the average full-year gain predicted in a recent survey with analysts, who forecast the index would end 2024 at 4,833.