After a roaring 2023, stocks have gotten off to a great start in 2024 as well.

The S 500 (SNPINDEX: ^GSPC) jumped 10% in the first quarter, marking its best performance for the quarter since 2019, and the Nasdaq Composite was close behind with a 9% gain.

Stocks are keeping the momentum going from a surge in the last two months of 2023. They've continued to climb on enthusiasm for the AI revolution and strong earnings reports. The Federal Reserve has also continued to predict three interest rate cuts this year, which would help grease the economy and make stocks more attractive compared to bonds.

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Source Fool.com