![]() Technology, Communication Services, and Consumer Discretionary were the best-performing sectors, while Utilities, Energy, and Financials were the worst. Nvidia ( NVDA Quick Quote NVDA - Free Report) jumped 190%, while Meta Platforms ( META Quick Quote META - Free Report) and Tesla ( TSLA Quick Quote TSLA - Free Report) rose 139% and 113%, respectively. The Nasdaq surged almost 40%, its best first half since 1983, while the broader S&P 500 gained 16%, its best first half since 2019. ![]() Additionally, the economy, labor market, housing market, and American consumers proved to be far more resilient than experts believed earlier. The rally was primarily driven by mega-cap stocks that have benefited from optimism about artificial intelligence. Stocks posted their best first half in decades, defying skeptics and climbing over all walls of worry. ![]()
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