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S&P 500 at Record Highs Driven by AI Boom

The S&P 500 is up big over the past year, but there may be bad news on the horizon.

By Travis Hoium – May 30, 2024 at 5:30AM EST

The S&P 500 (^GSPC +1.20%) is bouncing near all-time highs and that's great for investors. But the backdrop needs some context, like what's driving the market and how do values compare to history. Travis Hoium covers all of this in this video.

*Stock prices used were end-of-day prices of May 29, 2024. The video was published on May 29, 2024.

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About the Author

Travis Hoium
Travis Hoium is a contributing Motley Fool stock market analyst covering solar energy, technology, and growth stocks. Before The Motley Fool, Travis was a mechanical engineer at 3M and founded a virtual reality company. He holds a bachelor’s degree in mechanical engineering and a master’s degree in business administration from the University of Minnesota.
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Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. Travis Hoium has positions in Alphabet and Apple. The Motley Fool has positions in and recommends Alphabet, Amazon, Apple, Meta Platforms, Microsoft, and Nvidia. The Motley Fool recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.

Stocks Mentioned

S&P 500 Index Stock Quote
S&P 500 Index
SNPINDEX: ^GSPC
$7,126.06
(+1.20%)+$84.78
Apple Stock Quote
Apple
NASDAQ: AAPL
$270.37
(+2.65%)+$6.97
Microsoft Stock Quote
Microsoft
NASDAQ: MSFT
$422.80
(+0.60%)+$2.54
Alphabet Stock Quote
Alphabet
NASDAQ: GOOGL
$341.76
(+1.71%)+$5.74
Amazon Stock Quote
Amazon
NASDAQ: AMZN
$250.36
(+0.26%)+$0.66
Nvidia Stock Quote
Nvidia
NASDAQ: NVDA
$201.68
(+1.68%)+$3.33
Meta Platforms Stock Quote
Meta Platforms
NASDAQ: META
$689.14
(+1.81%)+$12.27
American Airlines Group Stock Quote
American Airlines Group
NASDAQ: AAL
$12.78
(+4.12%)+$0.51
Alphabet Stock Quote
Alphabet
NASDAQ: GOOG
$339.40
(+1.99%)+$6.63

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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