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The S&P 500 (^GSPC) closed higher for the 36th time in 2024 on Tuesday. The tech heavy index can attribute much of its gains from the AI sector as about 30% of its value comes from the Magnificent 7 group of tech stocks. According to a report from BlackRock, this hype is not expected to go anywhere.
Yahoo Finance senior business reporter Ines Ferré joins Catalysts to break down the report and what investors can expect for the AI hype train moving forward as the market rally chugs along.
For more expert insight and the latest market action, click here to watch this full episode of Catalysts.
This post was written by Nicholas Jacobino