Resilient economy energizes investors, as financial markets end 2023 up 24%

Resilient economy energizes investors, as financial markets end 2023 up 24%

Briefly

The S&P 500 closed out 2023 with a gain of more than 24% and the Dow finished near a record high, as easing inflation, a resilient economy and the prospect of lower interest rates buoyed investors, particularly in the last two months of the year.

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A strong rally in November and December marked a big psychological shift for investors, said Quincy Krosby, chief global strategist at LPL Financial, because it went beyond the big technology companies.

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