Top Stocks and Sectors in S&P 500 for 2024

As 2024 approaches its conclusion, investors and analysts are keeping a close eye on the stock market, particularly the S&P 500. In an impressive display of market dynamics, the top three performing stocks are heavily influenced by advancements in artificial intelligence. Nvidia, a leader in AI technology, has seen a remarkable growth of 177% year-to-date. Competing closely, Palantir has seen its stock price skyrocket by 281%, highlighting the increasing importance and adoption of AI technologies in various sectors. However, the market is not without its challenges; Vistra, an electricity provider, has emerged as the top performer overall, showcasing resilience even in a volatile landscape. On the flip side, the worst performing stocks include names like Dollar Tree, which is down 50%, and Moderna, struggling to navigate beyond its COVID-19 vaccine legacy with a 54% drop. Walgreens Boots Alliance takes the lead as the poorest performer in the S&P 500, showing a significant decline of 65%. From a sector perspective, the financials, communication services, and utilities have proven most favorable this year. In contrast, sectors like real estate, materials, and healthcare have lagged behind, but they remain positive for the year. This market performance offers a vivid snapshot of investor sentiment as we proceed towards 2025.