Published on 28 May 2024 on Zacks via Yahoo Finance
More S&P 500 Rally in the Cards? ETFs to Gain
Nearly five months into 2024, major stock indexes are hovering around record highs. Wall Street analysts are optimistic that this rally isn't over, as earnings and economic growth forecasts have steadily improved throughout the year.
Increased Year-End Targets for S&P 500
In the past two weeks, three equity strategists tracked by Yahoo Finance have raised their year-end targets for the S&P 500. The median target now sits at 5,250, up from 4,850 on December 30, according to Bloomberg data. The highest target has moved up to 5,600 from 5,200, as quoted on a Yahoo Finance article.