Stocks have been crushed in recent weeks, but Wall Street forecasters think the worst may be over. Morgan Stanley and Citi said they saw 5,500 as the floor for the S&P 500. Both banks are sticking to their year-end price target of 6,500, implying about 15% upside. The worst of the stock market sell-off looks…
BANGKOK (AP) — Asian markets advanced Friday, shrugging off another decline on Wall Street, with markets in China gaining after state-run banks and other financial institutions were ordered to do more to help spur more consumer spending. U.S. futures and oil prices advanced. Hong Kong’s benchmark jumped 2.5% to 24,038.85, while the Shanghai Composite index…
Stocks have soared for the last two years since the October 2022 bear market low. Wall Street expects the gains to continue in 2025, predicting an average gain of about 8%. Here’s a complete rundown of Wall Street’s 2025 predictions. The stock market has been on a tear since its October 12, 2022 bottom, with…
The S&P 500 has returned 26% so far this year. But with expectations sky-high, how long can the rally last? Some Wall Street experts warn of muted forward returns, and are making dot-com bubble comparisons. It’s been another banner year for the S&P 500 as impressive earnings and improving expectations have propelled the benchmark index…
By Siddarth S (Reuters) – Goldman Sachs has forecast the S&P 500 index would reach 6,500 by the end of 2025, joining peer Morgan Stanley, on the back of continued growth in the U.S. economy and corporate earnings. The Wall Street brokerage’s target implied an upside of 10.3% from the index’s last close of 5,893.62….
After two years of annual gains north of 20% for the S&P 500 (^GSPC), Wall Street strategists think 2025 will see a more measured year for stocks. On Monday, BMO Capital Markets chief investment strategist Brian Belski initiated a 2025 year-end target of 6,700 for the S&P 500. On Sunday, Morgan Stanley chief investment officer…
HONG KONG (AP) — Asian markets were mixed on Wednesday with Japan’s benchmark index gaining more than 1% after a rally in technology stocks propelled the Nasdaq composite to a record high. Hong Kong’s Hang Seng was down 1.3% to 20,438.54 and the Shanghai Composite index dropped 0.6% to 3,267.42. In Tokyo, the Nikkei 225…
The stock market has posted strong performance in 2024, with the S&P 500 index climbing roughly 20% across that stretch. On the other hand, not every company included in the benchmark index has been a big winner this year. Following recent pullbacks, some promising S&P 500 companies have been pushed down to attractive valuations. And…