Morgan Stanley predicts that the S&P 500 will be at 4500 at the end of 2024 Morgan Stanley’s Mike Wilson expects stocks to remain nearly flat in 2024. Wilson forecast S&P 500 (^GSPC) earnings growth to $229 per share, leading to a year-end target for the benchmark index of 4,500. This target represents an upside … [Read more…]
Here are the key news investors need to start the trading day: 1. Caught The S&P 500 and Nasdaq Composite posted their longest winning streak in two years on Thursday. The S&P 500 fell 0.8% during the session after eight straight days of gains, while the tech-heavy Nasdaq Composite fell 0.9% after nine days of … [Read more…]
Traders work on the floor of the New York Stock Exchange. NYSE Stock futures were flat on Wednesday as traders eye the S&P 500’s march toward record levels. Futures tied to the S&P 500 fell slightly, as did Nasdaq 100 futures. Dow Jones Industrial Average futures fell just 7 points. The moves follow a successful … [Read more…]
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, USA, December 11, 2023. Brendan Mcdermid | Portal U.S. stocks rose on Tuesday to enter the final week of the year as traders expected 2023 to end on a positive note. The S&P 500 rose 0.2% and the Nasdaq … [Read more…]
Asian markets showed steady holiday-curtailed trading on Tuesday, with some markets in the region closed for holidays. US futures and oil prices rose slightly. Shanghai’s benchmark led to losses in Asia on strong selling in technology and computer chip-related stocks as worries about trade tensions with the U.S. and other Western countries resurfaced. The Shanghai … [Read more…]