Technology stocks have gotten off to a steady start in 2024, which is evident from the 6% gain clocked by the Nasdaq-100 in the first weeks of the year.

According to brokerage firm Capex.com, the Nasdaq-100 has historically risen 24% on average in the year following one in which it rose 40% or more. After a gain of 54% last year, that suggests the tech-focused index could have another solid run in 2024.

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Source Fool.com