S&P 500 Hits Second-Straight Record High As Experts Warn Of ‘Excessively Bullish’ Stocks—How Much Higher Could They Go This Year?

  • 📰 Forbes
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 53%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

The S&P 500 hits a second-straight record as experts warn of 'excessively bullish' stocks—how much higher could they go this year?

Major stock market indexes extended a streak of record highs Wednesdays as investors continued to gush over Federal Reserve stimulus measures, blowout corporate earnings and the promise of a strong economic recovery—factors that have prompted many experts in recent days to lift their stock-market expectations, with some forecasting the S&P 500 could climb nearly 10% by year's end.... [+]Boosted by outsized gains in leisure, travel and energy stocks, the S&P 500 ticked up 0.

Last week, LPL Financial boosted its end-of-year S&P target from 4,425 to 4,675, suggesting the index could climb another 4% this year, as a result of profits that were"off the charts" last quarter thanks largely to investments in productivity-enhancing technology and cost savings on business travel, entertainment and office space.

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:

 /  🏆 394. in İE
 

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

Ireland Ireland Latest News, Ireland Ireland Headlines

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

S&P 500 Hits Second-Straight Record High As Experts Warn Of ‘Excessively Bullish’ Stocks—How Much Higher Could They Go This Year?The S&P has posted 51 closing records this year, putting it on track for more highs than any other year. High? Lol it just sunk last week? This is false . Everything dropped big time.
Source: Forbes - 🏆 394. / 53 Read more »