Reported about 1 year ago
US stocks surged to fresh all-time highs with the S&P 500 notching its 30th record close of 2024. The S&P 500 rose nearly 0.8%, the Nasdaq Composite climbed almost 1%, and the Dow Jones Industrial Average gained 0.5%. Wall Street analysts have revised their year-end targets for the S&P 500, with Evercore ISI boosting its target to 6,000 and Goldman Sachs to 5,600. Markets await Wednesday's retail sales report for insight into the US consumer's health and watch for signs of interest rate changes, with speculations of only one rate cut in 2024 by Federal Reserve officials.
Source: YAHOO