S&P500 rose 24.2% in 2023, Nasdaq rose 43.4%, and Dow Jones set a record with 13.7% growth

Business
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  • S&P 500 failed to close at a record high in 2023, finishing the year up 24.2%
  • Nasdaq Composite rose 43.4% but fell short of a record
  • Dow Jones Industrial Average closed at a record high and finished up 13.7%
  • Consensus opinion of a recession in 2023 was wrong, GDP grew at a faster rate
  • S&P 500 on track for 3% earnings-per-share increase
  • Fed raised interest rates higher than expected, causing bond yields to spike
  • Enthusiasm for AI stocks drove top-heavy rally in the market