S&P 500 delivers first back-to-back annual gains of more than 20% since 1998

The S&P 500 (SP500) on Tuesday notched a whopping +23.3% advance for 2024 to close at 5,881.62 points, posting gains in nine out of twelve months. Its accompanying SPDR S&P 500 Trust ETF (NYSEARCA:SPY) added +23.3% for the year.

The benchmark index logged its