Analysts revisit S&P 500 price targets as tech powers record run
Mon, Jun 17, 2024 6:22 PM

Analysts revisit S&P 500 price targets as tech powers record run

A Flip by Riya Sharma
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Wall Street analysts are predicting solid gains for the S&P 500 by year-end, driven by Federal Reserve interest-rate cuts, megacap tech stocks, and robust corporate-earnings growth. The S&P 500 has produced 30 record closes this year, with a 13.4% gain in 2024. Earnings growth is forecast at 10.7% for the second quarter and 14.2% in 2025.

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