Here Are the 10 Best-Performing S&P 500 Stocks in 2023, and the Single Best Stock of the Bunch to Buy in 2024, According to Wall Street
The S&P 500 finished 2023 in spectacular fashion. The index notched nine consecutive weekly increases, its longest win streak since 2004. In total, the S&P 500 soared 24% last year as market sentiment improved amid signs of economic resilience.
Four sectors were primarily responsible for driving the market higher. The technology sector gained 56% and the communications services sector climbed 53%, helped along in many cases by excitement surrounding artificial intelligence. Consumer discretionary rose 40% as cooling inflation led to an acceleration in spending. Finally, industrials increased 18% as business investments in structures and equipment rebounded.
Not surprisingly, the 10 best-performing S&P 500 stocks in 2023 came from those four sectors, as detailed below:
Source Fool.com
