S&P 500 Calls for 2024 Reflect Limited Increase for Stocks

📆 31.12.2023 03:54:00
📰 YahooFinanceCA

⏱ Reading Time:
30 sec. here
12 min. at publisher
📊 Quality Score:
News: 50%
Publisher: 63%

Finance Nachrichten

S&P 500,Stocks,Strategists

Many strategists' S&P 500 calls for 2024 already reflect a limited increase for stocks next year. The median target among the 20 Wall Street strategists tracked by Bloomberg shows the benchmark index finishing 2024 at 4,850, less than 2% higher than where the benchmark closed 2023. Strategists at Goldman Sachs already boosted their 2024 target to reflect the recent run-up in stocks and the shift to a more dovish Fed., with year-end targets of 5,200 for the S&P 500, reflecting about 9% upside from the 2023 close. Meanwhile, the lowest call on the Street for 2024 isthat the S&P will sink to 4,200, which would mark a 12% decline for the benchmark index in 2024.Those that either see the economy not entering a recession at all, or believe that outcome has been talked about so much it won't entail much impact for stocks, predict the S&P 500 hits at least 5,000 in 2024. That camp includes firms like Oppenheimer, Fundstrat, Goldman Sachs, Deutsche Bank, and Bank of America. and causes mass hysteria over it

Given the rally, many strategists' S&P 500 calls for 2024 already reflect a limited increase for stocks next year. The median target among the 20 Wall Street strategists tracked by Bloomberg shows the benchmark index finishing 2024 at 4,850, less than 2% higher than where the benchmark closed 2023. Strategists at Goldman Sachs already boosted their 2024 target to reflect the recent run-up in stocks and the shift to a more dovish Fed.

, with year-end targets of 5,200 for the S&P 500, reflecting about 9% upside from the 2023 close. Meanwhile, the lowest call on the Street for 2024 isthat the S&P will sink to 4,200, which would mark a 12% decline for the benchmark index in 2024.Those that either see the economy not entering a recession at all, or believe that outcome has been talked about so much it won't entail much impact for stocks, predict the S&P 500 hits at least 5,000 in 2024. That camp includes firms like Oppenheimer, Fundstrat, Goldman Sachs, Deutsche Bank, and Bank of America. and causes mass hysteria over i

Schreibe Kommentar

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

Switzerland Neuesten Nachrichten, Switzerland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Shiba Inu vs Retik Finance: Which Coin Will Multiply Your Investment in 2024?Shiba Inu and Retik Finance have captured the attention of investors in the cryptocurrency world. This article analyzes their strengths, weaknesses, and potential trajectories to determine which coin will multiply your investment in 2024. Dear headtopics.com admin, Your posts are always well-formatted and easy to read.
Herkunft: CryptoAmb - 🏆 22. / 68 Weiterlesen »