Wall St Week Ahead: US stocks poised for 2024 gains

Market strategists who track historical trends say that such a strong annual performance for stocks has often carried over into the following year, a phenomenon they attribute to factors including momentum and solid fundamentals. — Bloomberg

NEW YORK: The US stock market’s hefty gains in 2023 could provide a lift for equities next year, if history is any guide.

The S&P 500 ended the year on Friday with an annual gain of just over 24%. The benchmark index also stood near its first record closing high in about two years.