Reported 8 months ago
US stocks reached new all-time highs on Monday, with the S&P 500 notching its 30th record close of the year and the Nasdaq Composite hitting its sixth consecutive record close. Wall Street analysts have revised their year-end forecasts for the S&P 500, with targets raised to 6,000 by Evercore ISI and 5,600 by Goldman Sachs. The market awaits Wednesday's retail sales report as Federal Reserve officials hint at possible rate cuts in 2024, with investors pricing in a two-thirds chance of cuts by September.
Source: YAHOO