Investors are doubling down on stocks — and there are 3 key reasons why

  • 📰 CNBC
  • ⏱ Reading Time:
  • 26 sec. here
  • 9 min. at publisher
  • 📊 Quality Score:
  • News: 38%
  • Publisher: 72%

United States News

Economic Events,Prices,S&P 500 Index

One economist sees the S&P 500 at 7,000 by end of next year — up 26% from current levels.

Investors are doubling down on stocks, shaking off fears of an economic slowdown in the U.S. which caused a sell-off earlier this month. Global stock markets fell sharply in early August after a rise in unemployment sparked fears that U.S. economic growth could slow more than expected. It led a number of investment banks to hike their expectations of a recession, with JPMorgan raising the probability to 35% by year-end.

"Even the perma-bears would have struggled to find much in the slew of data released over the past week that would justify recent recession fears," Shearing said in a note to clients on August 19. Over the weekend, Goldman Sachs cut its probability forecast for a U.S. recession to 20% shortly after raising it to 25%. Striking a bullish tone, Capital Economics expects the S & P 500 to reach 6,000 by year-end and 7,000 next year, 8% and 26% above current levels, respectively.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

S&P 500 futures are little changed as investors await key earnings reports: Live updatesThe three major indexes rose on Monday as tech shares rebounded.
Source: CNBC - 🏆 12. / 72 Read more »

Stock Market Today: S&P500 in best day since June as big tech reboundsStock Market Today: S&P500 in best day since June as big tech rebounds
Source: Investingcom - 🏆 450. / 53 Read more »