March 04, 2024

February 2024 Recap

Latest Publications February 2024 Recap

All three major U.S. equity indices finished positive for a fourth straight month, with the S&P 500 recording its largest February gain in nearly a decade. Stocks primarily rallied on broadening investor appetites for artificial intelligence (AI) related technology companies, with its bellwether leading AI chipmaker supporting the theme with blockbuster better-than-expected quarterly earnings growth. The tech-heavy Nasdaq Composite surged over 6.2% for the month, finishing February at it first all-time closing high since November 2021.

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The Monthly Recap is published by Cetera Investment Management LLC, an SEC registered adviser owned by Cetera Financial Group. Cetera Investment Management provides market perspectives, portfolio guidance, model management, and other investment advice to its affiliated broker-dealers, dually registered broker-dealers and registered investment advisers.