In case you haven't noticed, the bulls are running wild on Wall Street. Following a challenging year in 2022, which saw all three major stock indexes plunge into respective bear markets, the ageless Dow Jones Industrial Average, benchmark S 500, and innovation-driven Nasdaq Composite have all launched to new all-time highs in 2024.

There isn't just one factor that can be pointed to as the fuel for Wall Street's epic rally. Rather, it's a confluence of factors that includes a strong U.S. economy, better-than-expected corporate earnings, the emergence of artificial intelligence (AI) as a next-big-thing trend, and a historically robust level of share repurchase activity.

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Source Fool.com