Big Tech's $200 Billion Surge Leads Stock Market Rally—But Rate-Fueled Optimism May Be Fleeting (2024)

Breaking

22 minutes ago

UFC Parent Company Paying $335 Million To Settle Ex-Fighters’ Wage Suppression Lawsuits

37 minutes ago

What We Know About Inmate’s ‘Brazen’ Escape From Idaho Hospital As 3 Officers Shot

59 minutes ago

Trump Claims Companies Won’t Secure His $500 Million Bond—But Even Bigger Ones Were Paid In These Cases

1 hour ago

‘Lies’: Biden Impeachment Hearing Turns Fiery As Ex-Hunter Biden Business Partner Testifies

1 hour ago

Fed Says 3 Interest Rate Cuts Likely Still Coming In 2024

2 hours ago

Super PAC Backing Ted Cruz Received $215,000 From iHeartMedia—Fueling Ethics Concerns After Podcast Deal

2 hours ago

Italian Prime Minister Seeks Over $100,000 After Deepfake p*rn Videos Were Viewed ‘Millions Of Times’

2 hours ago

Trump Signals Support For 15-Week Abortion Ban—But He Hasn't Always Thought This Way

2 hours ago

Michael Cohen Won’t Be Sanctioned For Citing Fake Cases—Though He Likely Committed Perjury, Judge Rules

2 hours ago

Here’s What Jared Kushner Said About Gaza’s Waterfront Property—And Where It’s Been Said Before

2 hours ago

Elon Musk Is Once Again The Richest Man In The US, Overtaking Jeff Bezos

3 hours ago

Powerball And Mega Millions Jackpots Near Records: Here Are The Biggest Lottery Jackpots Of All Time

3 hours ago

Trump’s Claims He Can’t Secure A Bond In Fraud Case Slammed By NY AG

4 hours ago

Here Are 2024’s Ten Most Contested Senate Races—From Ohio To Arizona

4 hours ago

Georgia Set To Execute Willie James Pye, But Lawyers Say He Is Mentally Disabled

4 hours ago

Pollen Season Will Be ‘Intense And Prolonged,’ Forecasters Warn—Here Are The Cities That Will Be Worst Hit

4 hours ago

Here's How Mortgage Rates Have Changed During Fed Hike

5 hours ago

Trump-Backed Candidates Win Key Primaries—But Ohio Victory Could Help Democrats

5 hours ago

‘Outreau Case’: What To Know About The Real-Life Stories Behind Netflix’s Breakout Docuseries

5 hours ago

Mercedes-Benz Issues New Recall: Nearly 500,000 Vehicles Affected In Last Month

22 minutes ago

UFC Parent Company Paying $335 Million To Settle Ex-Fighters’ Wage Suppression Lawsuits","scope":{"topStory":{"index":1,"title":"UFC Parent Company Paying $335 Million To Settle Ex-Fighters’ Wage Suppression Lawsuits","image":"https://specials-images.forbesimg.com/imageserve/65fb31cf790d0e56fa8ff226/290x0.jpg?cropX1=0&cropX2=2729&cropY1=0&cropY2=1818","isHappeningNowArticle":true,"date":"22 minutes ago","uri":"https://www.forbes.com/sites/antoniopequenoiv/2024/03/20/ufc-parent-company-paying-335-million-to-settle-ex-fighters-wage-suppression-lawsuits/"}},"id":"h722hjij31280"},{"textContent":"

37 minutes ago

What We Know About Inmate’s ‘Brazen’ Escape From Idaho Hospital As 3 Officers Shot","scope":{"topStory":{"index":2,"title":"What We Know About Inmate’s ‘Brazen’ Escape From Idaho Hospital As 3 Officers Shot","image":"https://specials-images.forbesimg.com/imageserve/65fb2e907a088118d9687175/290x0.jpg?cropX1=0&cropX2=3055&cropY1=153&cropY2=1872","isHappeningNowArticle":true,"date":"37 minutes ago","uri":"https://www.forbes.com/sites/jamesfarrell/2024/03/20/what-we-know-about-inmates-brazen-escape-from-idaho-hospital-as-3-officers-shot/"}},"id":"7oe2c5l7c60o00"},{"textContent":"

59 minutes ago

Trump Claims Companies Won’t Secure His $500 Million Bond—But Even Bigger Ones Were Paid In These Cases","scope":{"topStory":{"index":3,"title":"Trump Claims Companies Won’t Secure His $500 Million Bond—But Even Bigger Ones Were Paid In These Cases","image":"https://specials-images.forbesimg.com/imageserve/65fb27e6454eb3ffc2609fa0/0x0.jpg","isHappeningNowArticle":true,"date":"59 minutes ago","uri":"https://www.forbes.com/sites/alisondurkee/2024/03/20/trump-claims-companies-wont-secure-his-500-million-bond-but-even-bigger-ones-were-paid-in-these-cases/"}},"id":"fa5oifl09j3c00"},{"textContent":"

1 hour ago

‘Lies’: Biden Impeachment Hearing Turns Fiery As Ex-Hunter Biden Business Partner Testifies","scope":{"topStory":{"index":4,"title":"‘Lies’: Biden Impeachment Hearing Turns Fiery As Ex-Hunter Biden Business Partner Testifies","image":"https://specials-images.forbesimg.com/imageserve/65fb26b4ac9bcfc8f490cb40/0x0.jpg","isHappeningNowArticle":true,"date":"1 hour ago","uri":"https://www.forbes.com/sites/saradorn/2024/03/20/lies-biden-impeachment-hearing-turns-fiery-as-ex-hunter-biden-business-partner-testifies/"}},"id":"6i3f0hp2l1qo00"},{"textContent":"

1 hour ago

Fed Says 3 Interest Rate Cuts Likely Still Coming In 2024","scope":{"topStory":{"index":5,"title":"Fed Says 3 Interest Rate Cuts Likely Still Coming In 2024","image":"https://specials-images.forbesimg.com/imageserve/65fb242968f22201a8e66b8b/290x0.jpg?cropX1=0&cropX2=2264&cropY1=236&cropY2=1509","isHappeningNowArticle":true,"date":"1 hour ago","uri":"https://www.forbes.com/sites/dereksaul/2024/03/20/fed-says-3-interest-rate-cuts-likely-still-coming-in-2024/"}},"id":"21jg8cl6aoai00"},{"textContent":"

2 hours ago

Super PAC Backing Ted Cruz Received $215,000 From iHeartMedia—Fueling Ethics Concerns After Podcast Deal","scope":{"topStory":{"index":6,"title":"Super PAC Backing Ted Cruz Received $215,000 From iHeartMedia—Fueling Ethics Concerns After Podcast Deal","image":"https://specials-images.forbesimg.com/imageserve/65fb1dd6f59acbc807e972f2/290x0.jpg?cropX1=0&cropX2=1694&cropY1=87&cropY2=1041","isHappeningNowArticle":true,"date":"2 hours ago","uri":"https://www.forbes.com/sites/mollybohannon/2024/03/20/super-pac-backing-ted-cruz-received-215000-from-iheartmedia-fueling-ethics-concerns-after-podcast-deal/"}},"id":"ccgqgme7e0qo00"},{"textContent":"

2 hours ago

Italian Prime Minister Seeks Over $100,000 After Deepfake p*rn Videos Were Viewed ‘Millions Of Times’","scope":{"topStory":{"index":7,"title":"Italian Prime Minister Seeks Over $100,000 After Deepfake p*rn Videos Were Viewed ‘Millions Of Times’","image":"https://specials-images.forbesimg.com/imageserve/65fb087d5ce0354b4d91d30c/290x0.jpg?cropX1=0&cropX2=2470&cropY1=146&cropY2=1536","isHappeningNowArticle":true,"date":"2 hours ago","uri":"https://www.forbes.com/sites/maryroeloffs/2024/03/20/italian-prime-minister-seeks-over-100000-after-deepfake-p*rn-videos-were-viewed-millions-of-times/"}},"id":"5e29kcrei62c00"},{"textContent":"

2 hours ago

New EPA Rule Could Make Most New Cars Hybrid Or Electric By 2032—Backing Off Stricter Timeline","scope":{"topStory":{"index":8,"title":"New EPA Rule Could Make Most New Cars Hybrid Or Electric By 2032—Backing Off Stricter Timeline","image":"https://specials-images.forbesimg.com/imageserve/65fb1a8175644ea2214fe1e4/290x0.jpg?cropX1=0&cropX2=1492&cropY1=238&cropY2=1077","isHappeningNowArticle":true,"date":"2 hours ago","uri":"https://www.forbes.com/sites/zacharyfolk/2024/03/20/new-epa-rule-could-make-most-new-cars-hybrid-or-electric-by-2032-backing-off-stricter-timeline/"}},"id":"5c5d9g1l6img00"},{"textContent":"

2 hours ago

Trump Signals Support For 15-Week Abortion Ban—But He Hasn't Always Thought This Way","scope":{"topStory":{"index":9,"title":"Trump Signals Support For 15-Week Abortion Ban—But He Hasn't Always Thought This Way","image":"https://specials-images.forbesimg.com/imageserve/65fb18f14cff5ad7055a77e7/290x0.jpg?cropX1=0&cropX2=3487&cropY1=129&cropY2=2092","isHappeningNowArticle":true,"date":"2 hours ago","uri":"https://www.forbes.com/sites/caileygleeson/2024/03/20/trump-signals-support-for-15-week-abortion-ban-but-he-hasnt-always-thought-this-way/"}},"id":"31rebdmg98i80"},{"textContent":"

2 hours ago

Michael Cohen Won’t Be Sanctioned For Citing Fake Cases—Though He Likely Committed Perjury, Judge Rules","scope":{"topStory":{"index":10,"title":"Michael Cohen Won’t Be Sanctioned For Citing Fake Cases—Though He Likely Committed Perjury, Judge Rules","image":"https://specials-images.forbesimg.com/imageserve/65fb15d5ab8d60f206eed9c1/290x0.jpg?cropX1=0&cropX2=4096&cropY1=134&cropY2=2436","isHappeningNowArticle":true,"date":"2 hours ago","uri":"https://www.forbes.com/sites/tylerroush/2024/03/20/michael-cohen-wont-be-sanctioned-for-citing-fake-cases-though-he-likely-committed-perjury-judge-rules/"}},"id":"e93o3n17i1o000"},{"textContent":"

2 hours ago

Here’s What Jared Kushner Said About Gaza’s Waterfront Property—And Where It’s Been Said Before","scope":{"topStory":{"index":11,"title":"Here’s What Jared Kushner Said About Gaza’s Waterfront Property—And Where It’s Been Said Before","image":"https://specials-images.forbesimg.com/imageserve/65fb1943900f00c2905d63e0/290x0.jpg?cropX1=0&cropX2=4144&cropY1=0&cropY2=2332","isHappeningNowArticle":true,"date":"2 hours ago","uri":"https://www.forbes.com/sites/jamesfarrell/2024/03/20/heres-what-jared-kushner-said-about-gazas-waterfront-property-and-where-its-been-said-before/"}},"id":"9o0f0mnmr6fc00"},{"textContent":"

2 hours ago

Elon Musk Is Once Again The Richest Man In The US, Overtaking Jeff Bezos","scope":{"topStory":{"index":12,"title":"Elon Musk Is Once Again The Richest Man In The US, Overtaking Jeff Bezos","image":"https://specials-images.forbesimg.com/imageserve/65fb18328200070e27e2859b/0x0.jpg","isHappeningNowArticle":true,"date":"2 hours ago","uri":"https://www.forbes.com/sites/anafa*guy/2024/03/20/elon-musk-is-once-again-the-richest-man-in-the-us-overtaking-jeff-bezos/"}},"id":"87nr09cqrehc00"},{"textContent":"

3 hours ago

Powerball And Mega Millions Jackpots Near Records: Here Are The Biggest Lottery Jackpots Of All Time","scope":{"topStory":{"index":13,"title":"Powerball And Mega Millions Jackpots Near Records: Here Are The Biggest Lottery Jackpots Of All Time","image":"https://specials-images.forbesimg.com/imageserve/65807079c538d7a23b430b32/290x0.jpg?cropX1=0&cropX2=3000&cropY1=63&cropY2=1750","isHappeningNowArticle":true,"date":"3 hours ago","uri":"https://www.forbes.com/sites/brianbushard/2024/03/20/powerball-and-mega-millions-jackpots-near-records-here-are-the-biggest-lottery-jackpots-of-all-time/"}},"id":"980hcrn1dmnc00"},{"textContent":"

3 hours ago

Trump’s Claims He Can’t Secure A Bond In Fraud Case Slammed By NY AG","scope":{"topStory":{"index":14,"title":"Trump’s Claims He Can’t Secure A Bond In Fraud Case Slammed By NY AG","image":"https://specials-images.forbesimg.com/imageserve/65fb033a334bfaa2c683951b/290x0.jpg?cropX1=0&cropX2=2593&cropY1=74&cropY2=1534","isHappeningNowArticle":true,"date":"3 hours ago","uri":"https://www.forbes.com/sites/alisondurkee/2024/03/20/trumps-claims-he-cant-secure-a-bond-in-fraud-case-slammed-by-ny-ag/"}},"id":"98fr1aq9fp9400"},{"textContent":"

4 hours ago

Here Are 2024’s Ten Most Contested Senate Races—From Ohio To Arizona","scope":{"topStory":{"index":15,"title":"Here Are 2024’s Ten Most Contested Senate Races—From Ohio To Arizona","image":"https://specials-images.forbesimg.com/imageserve/65e249bda2e2dabfb10baa66/0x0.jpg","isHappeningNowArticle":true,"date":"4 hours ago","uri":"https://www.forbes.com/sites/saradorn/2024/03/20/here-are-2024s-ten-most-contested-senate-races-from-ohio-to-arizona/"}},"id":"df53p330of1800"},{"textContent":"

4 hours ago

Georgia Set To Execute Willie James Pye, But Lawyers Say He Is Mentally Disabled","scope":{"topStory":{"index":16,"title":"Georgia Set To Execute Willie James Pye, But Lawyers Say He Is Mentally Disabled","image":"https://specials-images.forbesimg.com/imageserve/65faff792b37a9a9c298c15d/290x0.jpg?cropX1=0&cropX2=2062&cropY1=41&cropY2=1201","isHappeningNowArticle":true,"date":"4 hours ago","uri":"https://www.forbes.com/sites/zacharyfolk/2024/03/20/georgia-set-to-execute-willie-james-pye-but-lawyers-say-he-is-mentally-disabled/"}},"id":"brpana2n00q800"},{"textContent":"

4 hours ago

Pollen Season Will Be ‘Intense And Prolonged,’ Forecasters Warn—Here Are The Cities That Will Be Worst Hit","scope":{"topStory":{"index":17,"title":"Pollen Season Will Be ‘Intense And Prolonged,’ Forecasters Warn—Here Are The Cities That Will Be Worst Hit","image":"https://specials-images.forbesimg.com/imageserve/65fafd650edce33c055315ba/290x0.jpg?cropX1=0&cropX2=2245&cropY1=112&cropY2=1374","isHappeningNowArticle":true,"date":"4 hours ago","uri":"https://www.forbes.com/sites/brianbushard/2024/03/20/pollen-season-will-be-intense-and-prolonged-forecasters-warn-here-are-the-cities-that-will-be-worst-hit/"}},"id":"3qdb7qoj8m7g00"},{"textContent":"

4 hours ago

Here's How Mortgage Rates Have Changed During Fed Hike","scope":{"topStory":{"index":18,"title":"Here's How Mortgage Rates Have Changed During Fed Hike","image":"https://specials-images.forbesimg.com/imageserve/65faf4a92b06e35f7fc40e30/290x0.jpg?cropX1=85&cropX2=1397&cropY1=24&cropY2=762","isHappeningNowArticle":true,"date":"4 hours ago","uri":"https://www.forbes.com/sites/dereksaul/2024/03/20/heres-how-mortgage-rates-have-changed-during-fed-hike/"}},"id":"85kb7pnhlr8o00"},{"textContent":"

5 hours ago

Trump-Backed Candidates Win Key Primaries—But Ohio Victory Could Help Democrats","scope":{"topStory":{"index":19,"title":"Trump-Backed Candidates Win Key Primaries—But Ohio Victory Could Help Democrats","image":"https://specials-images.forbesimg.com/imageserve/65faf1851cef899ff8da8780/0x0.jpg","isHappeningNowArticle":true,"date":"5 hours ago","uri":"https://www.forbes.com/sites/saradorn/2024/03/20/trump-backed-candidates-win-key-primaries-but-ohio-victory-could-help-democrats/"}},"id":"20ard44gm5ja00"},{"textContent":"

5 hours ago

‘Outreau Case’: What To Know About The Real-Life Stories Behind Netflix’s Breakout Docuseries","scope":{"topStory":{"index":20,"title":"‘Outreau Case’: What To Know About The Real-Life Stories Behind Netflix’s Breakout Docuseries","image":"https://specials-images.forbesimg.com/imageserve/65faef732377a5097e84daa7/290x0.jpg?cropX1=0&cropX2=2048&cropY1=30&cropY2=1183","isHappeningNowArticle":true,"date":"5 hours ago","uri":"https://www.forbes.com/sites/maryroeloffs/2024/03/20/outreau-case-what-to-know-about-the-real-life-stories-behind-netflixs-breakout-docuseries/"}},"id":"68rdl20abc0g00"},{"textContent":"

5 hours ago

Mercedes-Benz Issues New Recall: Nearly 500,000 Vehicles Affected In Last Month","scope":{"topStory":{"index":21,"title":"Mercedes-Benz Issues New Recall: Nearly 500,000 Vehicles Affected In Last Month","image":"https://specials-images.forbesimg.com/imageserve/65faed24969e8d34c857f51d/290x0.jpg?cropX1=0&cropX2=5568&cropY1=73&cropY2=3204","isHappeningNowArticle":true,"date":"5 hours ago","uri":"https://www.forbes.com/sites/tylerroush/2024/03/20/mercedes-benz-issues-new-recall-nearly-500000-vehicles-affected-in-last-month/"}},"id":"890k7i8a3ro800"}],"breakpoints":[{"breakpoint":"@media all and (max-width: 767px)","config":{"enabled":false}},{"breakpoint":"@media all and (max-width: 768px)","config":{"inView":2,"slidesToScroll":1}},{"breakpoint":"@media all and (min-width: 1681px)","config":{"inView":6}}]};

Big Tech's $200 Billion Surge Leads Stock Market Rally—But Rate-Fueled Optimism May Be Fleeting (2024)

FAQs

What was the largest one day loss of the S&P 500? ›

Largest daily percentage losses
RankDate% Change
11987-10-19−20.47
21929-10-28−12.34
32020-03-16−11.98
41929-10-29−10.16
16 more rows

Why did tech stocks rally? ›

Big technology stocks were leading a broader market rally on Monday as investors reacted to the latest artificial intelligence buzz. The Dow Jones Industrial Average was up 112 points, or 0.3%.

What is a period of optimism in the stock market and the prices are rising? ›

A bull market is a period of upward-trending prices. A new bull begins once prices rise at least 20% off the most recent market bottom. Generally speaking, optimism is high and investors and consumers feel confident, pushing company earnings and stock prices higher.

How often does the S&P move 3% in a day? ›

About 20% of the time, the stock market moves -2% and +2%. Meanwhile, about 10% of the time, the stock market moves -3% and +3%. If you're in capital preservation mode, you might consider selling some of your S&P 500 index position when the S&P 500 is up greater than 1%.

What is the biggest stock loss ever? ›

The largest single-day percentage declines for the S&P 500 and Dow Jones Industrial Average both occurred on Oct. 19, 1987 with the S&P 500 falling by 20.5 percent and the Dow falling by 22.6 percent. Two of the four largest percentage declines for the Dow occurred on consecutive days — Oct. 28 and 29 in 1929.

What president had the highest stock market? ›

And the shocking leader of the bunch? President Calvin Coolidge, who took office in 1923, whose stock price performance change was a whopping 208.52%, for an average monthly return of 1.74%. That's the largest for any president since the start of the 20th century.

Is the tech boom over? ›

Tech boom has slowed, but there are still more Silicon Valley jobs than before the pandemic.

Will tech stocks continue to rise 2024? ›

Subsiding inflation fears, and a dovish turn from the U.S. Fed drove tech stocks to wrap up a strong first quarter for 2024, with the Technology Select Sector SPDR Fund (XLK) scoring gains of 11% year-to-date, and 42% over the past year.

Are tech stocks still a good investment? ›

Tech stocks may not necessarily offer the most attractive values in today's market, but for companies that can continue to generate revenue and earnings growth, stocks may continue to have upside potential. Be sure to consult with your financial professional.

How could investor optimism affect stock prices? ›

Firms with investors' optimism have significantly higher stock returns, whereas those with pessimism have opposite effects. Investors' optimism significantly raise stock return volatility, but their pessimism have the opposite effects.

What is a period of rising stocks called? ›

A bull market is a period of time in financial markets when the price of an asset or security rises continuously.

What is it called when stock prices continue to rise? ›

1. A long period of rising stock prices is known as a bull market.

Does the S&P 500 double every 7 years? ›

We saw in the previous section that investing in the S&P 500 has historically allowed investors to double their money about every six or seven years. Your initial $1,000 investment will grow to $2,000 by year 7, $4,000 by year 14, and $6,000 by year 18.

What is the best day to buy stocks? ›

Timing the stock market is difficult, but understanding when to trade stocks can help your portfolio. The best time of day to buy stocks is usually in the morning, shortly after the market opens. Mondays and Fridays tend to be good days to trade stocks, while the middle of the week is less volatile.

What is considered a good day in the stock market? ›

If Monday may be the best day of the week to buy stocks, then Thursday or early Friday may be the best day to sell stock—before prices dip.

When was the largest one day drop in the stock market? ›

Oct. 19, 1987, also known as Black Monday, marked the largest one-day stock market decline in history. The 2020 Coronavirus Stock Market Crash lasted several months.

What is the biggest drop of spy in one day? ›

Using the 12 largest single-day down moves over the last 3 years in SPY stock, the average move was -3.4% with the single largest daily move of -4.3% occurring on 13-Sep-2022. The following day, SPY stock price averaged -0.5% losses, with down moves exceeding up moves.

What is the longest drawdown of the S&P 500? ›

The longest drawdown period lasted for 13 years and 4 months and was between August 2000 and December 2013 .

How much money was lost in one day during the stock market crash in 1929? ›

On October 29, 1929, "Black Tuesday" hit Wall Street as investors traded some 16 million shares on the New York Stock Exchange in a single day. Around $14 billion of stock value was lost, wiping out thousands of investors. The panic selling reached its peak with some stocks having no buyers at any price.

Top Articles
Latest Posts
Article information

Author: Clemencia Bogisich Ret

Last Updated:

Views: 6182

Rating: 5 / 5 (80 voted)

Reviews: 87% of readers found this page helpful

Author information

Name: Clemencia Bogisich Ret

Birthday: 2001-07-17

Address: Suite 794 53887 Geri Spring, West Cristentown, KY 54855

Phone: +5934435460663

Job: Central Hospitality Director

Hobby: Yoga, Electronics, Rafting, Lockpicking, Inline skating, Puzzles, scrapbook

Introduction: My name is Clemencia Bogisich Ret, I am a super, outstanding, graceful, friendly, vast, comfortable, agreeable person who loves writing and wants to share my knowledge and understanding with you.