U.S. stocks soar above global markets, giving investors solid path for growth
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U.S. stocks have been outperforming global markets in 2024, continuing a trend of strong growth. The S&P 500 is up 10% for the year, compared to just 4% for developed markets outside the U.S. Since 2019, the S&P has gained 48%, while other developed markets have only seen a 10% increase. Earnings per share growth is the main driver of this trend, with earnings for the S&P 500 nearly 47 times that of the broader global market over the last 17 years. Earnings growth for companies in the S&P 500 is expected to jump 11% in 2024. The U.S. economy's consumer-driven nature, strong consumer spending, and a solid jobs market have contributed to steady earnings growth for U.S. companies. Stock buybacks and the dominance of big tech companies in the S&P 500 have also skewed growth for the benchmark index. The strong economic data in the U.S. bodes well for investors focused on earnings growth. In contrast, weak consumer spending and lackluster income growth could continue to hamper China's economy.

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https://apnews.com/article/off-charts-global-markets-89ac7ec845b64e2e4cd41d6fb57f33d4