The stock market’s performance has surprised a lot of people this year, and as a result, making S&P 500 predictions is difficult.
The stock market’s performance has surprised a lot of people this year, and as a result, making S&P 500 predictions is difficult. So far, in 2024, the S&P 500 gained 13.9% year to date . Recently, it hit an all-time high, trading at around 5,440 as of Monday. The Nasdaq Composite has done even better, rising 17.8% YTD as the bull market that began some 18 months ago continues to run.
The third upward revision by Goldman Sachs Initially, analysts at Goldman Sachs had a more bearish view of the markets in 2024. In November 2023, they had predicted that the S&P 500 would be at 4,700 at the end of 2024. However, the benchmark had already exceeded that by January. In December, Goldman upped its forecast to 5,100, and the S&P blew past that in March. In February, the firm again upped its prediction for the S&P 500, this time to 5,200.
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