US bull market nears four-year milestone as AI boom fuels profits, growth
The US bull market is approaching its fourth anniversary, supported by booming artificial intelligence investment, strong corporate earnings and resilient economic growth. However, rising Treasury yields, tighter monetary policy and growing market concentration pose risks to its continued advance, Reuters reported.
The S&P 500 is trading near record highs ahead of October 12, which marks four years since the benchmark index closed at its cyclical low in 2022. The current bull run has delivered a gain of about 117%, making it the sixth-best-performing bull market since World War Two and the eighth-longest, according to Ryan Detrick, chief market strategist at Carson Group, as cited by Reuters.
