Reported 22 days ago
Goldman Sachs has increased its S&P 500 return forecasts, anticipating a 3% gain over the next three months and an 11% increase over the next year, fueled by expected U.S. interest rate cuts and the robustness of large-cap stocks. The bank now projects index levels of 6,400 and 6,900 respectively, while adjusting its six-month forecast to a projected 6% gain, reflecting a rising confidence in the stock market amid improving labor market conditions.
Source: YAHOO