FTDS - Updating S&P 500 Annual Returns; Nasdaq Composite Still Testing The November '21 All-Time High

2024-05-06 19:30:00 ET

Summary

• It’s interesting to note that just today with the good market action, the Nasdaq closed back above, the late November ’21 all-time-high of 16,212, closing at 16,349.
• What’s interesting to me is that the 24-year “annual” return for the S&P 500 is still just a touch above 7%.
• From 1970 through 2023, the arithmetic average of the S&P 500 in terms of annual return is 12.15%.

It gets almost no press, but with a lot of the mega-cap tech, consumer discretionary and communication services stocks still not trading at all-time-highs, it’s interesting to note that just today with the good market action, the Nasdaq closed back above the late November ’21 all-time high of 16,212, closing at 16,349....

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