Reported 7 months ago
According to a Reuters poll, the S&P 500 is predicted to end 2024 around its current level of 5,321.41, with a median forecast of 5,302 by year-end. Despite strong gains in the stock market so far in 2024, some strategists warn of a potential correction in the coming months due to high valuation levels, even though analysts expect a 10.4% increase in overall S&P 500 earnings for the year. The Dow Jones is expected to finish the year at 40,765, after hitting record levels recently. Investors are closely watching for developments in artificial intelligence developments, particularly with Nvidia's upcoming earnings report.
Source: YAHOO