On Friday, U.S. stocks surged to new highs as investors looked to the upcoming earnings reports to justify their bets on a soft economic landing.For the sixth consecutive week, U.S. stocks climbed, with the $.DJI(.DJI)$ and the $.SPX(.SPX)$ hitting new records. The Dow rose 0.96% this week, the S&P 500 gained 0.85%, and the $.IXIC(.IXIC)$ was up 0.8%.This marks the 47th record high for the S&P 500 this year. Despite lowered expectations for third-quarter earnings, investors are betting on yet another earnings season surprise. Analysts predict the weakest earnings growth in four quarters at 4.3% year-on-year, but forward guidance suggests a much stronger
Take Profit as S&P Hits 5800 or Hold Till 6000?
As the stock market hits record highs more than 40 times this year, there are concerns that history might repeat itself and another financial crisis could occur. ---------------- Will S&P 500 hit 6000 by year-end as institutions predict? Would you take profit and stay cautious ahead or hold till the year-end?
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