Technology stocks were in fine form in 2023, which is evident from the outstanding gain of almost 67% on the Nasdaq-100 Technology Sector index during the year, and the good part is that the sector is showing promising signs once again this year.

The Nasdaq-100 Technology Sector index is up roughly 7% so far in 2024, and history suggests that it could finish the year with much stronger gains. Barring 1999, the Nasdaq-100 has delivered an average gain of 24% in the year following one in which the index clocked 40%-plus gains, according to brokerage firm Capex.com.

Favorable factors such as a robust U.S. economy and declining inflation can help the Nasdaq repeat history in 2024 and jump higher. That's why now would be a good time for investors to buy tech stocks such as Microsoft (NASDAQ: MSFT) and Micron Technology (NASDAQ: MU).

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Source Fool.com