March 2024 Market Update – Tech stocks continue to drive markets higher

Strong earnings results from a range of companies helped to push stock markets to new highs

January’s market rally sparked by tech stocks continued into February,
with US benchmarks driven to new highs following some strong
earnings results. The surge has been fuelled by optimism over the
business potential of artificial intelligence. US equities were also
buoyed by solid manufacturing, housing and labour-market data.

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