S&P 500 Hits Second-Straight Record High 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.

Malaysia Malaysia Latest News, Malaysia Malaysia 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 »