Stock Market Outlook: Bull Rally to Continue Amid Earnings, AI Boom in 2024

The article discusses the potential for the stock market bull rally to continue in 2024, driven by strong corporate earnings and the ongoing artificial intelligence (AI) boom. Key points include: 1) Analysts expect the S&P 500 to rise further, with a median target of 4,400 by the end of 2024, representing a 7% upside from current levels. 2) Corporate earnings are projected to grow by around 8% in 2024, providing a solid foundation for stock market gains. 3) The AI revolution is expected to be a major catalyst, with companies across various sectors investing heavily in AI technologies to drive innovation and efficiency. 4) However, risks such as elevated inflation, rising interest rates, and geopolitical tensions could potentially derail the bull market. 5) Investors are advised to remain cautious and diversified while taking advantage of opportunities presented by the AI boom.

Source: https://markets.businessinsider.com/news/stocks/stock-market-outlook-bull-rally-continue-amid-earnings-ai-boom-2024-7