The S&P 500 Is Near Its Record High: Here's What Warren Buffett Is Doing
The capital markets have gotten off to a red-hot start in 2024. The Nasdaq Composite index is up nearly 4% so far this year, while the S 500 has gained closer to 5% as of market close on April 17.
While a small cohort of megacap-technology companies collectively known as the "Magnificent Seven" have played a big role in the market's upward movements, the excitement surrounding artificial intelligence has spread to small and mid-cap technology enterprises as well. Moreover, some companies in the pharmaceutical industry have been witnessing increased buying activity thanks to breakthroughs in obesity care and diabetes medications.
The broad theme is that different sectors and catalysts are actively fueling the S 500 to near record levels. Surely, investors must be wondering if now is the opportune moment to get in on the action.
Source Fool.com
