The Globe and Mail reports in its Tuesday edition that investors are more confident about the economy and are looking beyond the technology and growth stocks that have been driving the U.S. stock market's gains over the past year. A Reuters dispatch to The Globe reports that although stocks such as Nvidia and Meta have been the primary drivers of the market in 2024, other sectors such as finance, industry and energy are also performing well. This is easing concerns that the market was becoming too dependent on a small group of stocks. Investors are optimistic about the economy's resilience and believe that inflation will fade, which is prompting them to look for investment opportunities beyond the large-cap companies. This view was reinforced by the Federal Reserve, which expressed confidence that it could cut interest rates this year, while also increasing its forecast for U.S. economic growth. Citi analyst Scott Chronert says: "There is more confidence that the Fed is going to be able to get inflation approaching their longer-term targets without a recession. You are going to take a little bit more comfort that you can own a bank or an industrial if you think the Fed is going to lower rates at some point here."