The first quarter of this year the S&P 500 ended with a fresh new highest level. On Good Friday, the index finished at level 5.258, reflecting the market's ongoing optimism when US equities are in question. For the month, the index was higher by 3.1%. Nvidia was for one more time the star of the market, as AI frenzy continues to spot market attention. The stock was higher by 82.5% during the first quarter of this year, while only in March it gained 14.2%. JPMorgan analysts noted that retail investors were the ones which were buying the most of this stock in March. As per their analysis, retail investors were mostly buying Nvidia, Tesla and Advanced Micro Devices. At the same time, Apple ended the first quarter down by 11%.
First quarter ended with continuous positive sentiment. As markets are entering into the second quarter, in expectation of Fed's rate cuts, it could be expected that the same sentiment will hold further, until its final exhaustion somewhere during the course of the year.
First quarter ended with continuous positive sentiment. As markets are entering into the second quarter, in expectation of Fed's rate cuts, it could be expected that the same sentiment will hold further, until its final exhaustion somewhere during the course of the year.
