The stock market ____ with a ____ performance over the first half of 2024. But the success ____ for investors: Is there room for stocks to go even higher? The S&P 500 climbed nearly 15% over the first six months of the year. The Dow Jones Industrial Average climbed about 4% over that period, while the tech-heavy Nasdaq ____ roughly 18%. Analysts who spoke to ABC News attributed the strong ____ to enthusiasm about artificial intelligence as well as ____ economic growth and expectations that interest rates would ____. But, experts predicted, the stock market will likely ____ to sustain its ____ growth over the remainder of the year as investors turn away from increasingly high prices and weather uncertainty centered on the economic ____ and the November election “It has been a very impressive start to the year,” Adam Turnquist, chief technical strategist at LPL Financial, told ABC news. “But as we look toward the second half, on a short term basis, we think the market is overbought.” Despite ____ under the weight of the highest interest rates in two decades, the U.S. economy has sustained ____. Meanwhile, U.S job gains have remained ____, exceeding expectations and ____ significant wage increases. Progress, however, in the fight against inflation has largely ____. Even so, the Fed has indicated that an additional rate increase is unlikely, instead forecasting one rate cut by the end of 2024. Those wider economic trends have coincided with a burst of investor appetite for tech firms leading the adoption of AI. Major stock indexes drew a ____ from investors optimistic about the potential benefits of products like ChatGPT. Those gains were concentrated primarily in a ____ of tech giants, known as the magnificent seven: Alphabet, Amazon, Apple, Meta, Microsoft, Tesla and Nvidia. Even within that group, the gains were enjoyed primarily by a select few. The stock price of Nvidia -- the maker of many computer chips ____ AI advances -- has climbed nearly 150% since the ____ of 2024. Microsoft, which owns a major ____ in ChatGPT-maker OpenAI, has seen its shares ____ more than 20% this year. “The AI effect has helped market sentiment and deservedly so,” Mike Loukas, CEO of TrueMark Investments, told ABC News. “But a handful of concentrated stocks seem to ____ the market at any given time.” In light of the ____ performance at the outset of this year, experts warned that the stock market would likely struggle to sustain the returns. At a basic level, the rise in stock prices that ____ back to last year will eventually reach a point where traders become reluctant to ____ funds at an elevated ____, the analysts said. “There needs to be a ____ button from these overbought conditions,” Turnquist said. Even more, the positive trends in the economy ____ a number of ____. Most notably, the ____ combination of high interest rates and ____ could weigh on corporate profits and wear investor patience thin. “The whole dance -- rate cuts or no rate cuts; inflation or no inflation -- I think that continues,” Loukas said. “We’re still pretty sensitive as a whole to macroeconomic factors.” Such economic uncertainty is ____ by ____ possible outcomes in the November election, Loukas added. “The election is going to be a wild variable,” Loukas said. “There’s a lot of uncertainty in what’s happening and the market is still trying to price that in.”

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