Is US Market Losing Steam? Where Will S&P 500 Close?
Recently, the US stock market has seen significant divergence. $.DJI(.DJI)$ has fallen for nine consecutive days, $.SPX(.SPX)$ has been flat for nearly a week, while the $.IXIC(.IXIC)$ continues to hit new highs, thanks to Tesla's strong performance. On top of that, the quantum computing sector remains a hot topic.
With only 7.5 trading days left in 2024 (the market will be closed for Christmas and have an early close on December 24), let’s make a fun prediction:
Where do you think the S&P 500 will close this year?
As of the close on December 17, the S&P 500 stands at 6,050 points, with the year's high at 6,099 points.
How High Can the S&P 500 Go in 2025?
Wall Street’s most optimistic prediction is in: the S&P 500 could rise to 7,100 points in 2025.
Recently, John Stoltzfus, Chief Investment Strategist at Oppenheimer Asset Management, set this ambitious target, exceeding Deutsche Bank and Yardeni Research’s 7,000-point forecast. On the other end, Goldman Sachs has the lowest target at 6,500 points.
Did 2024 Meet Analysts Expectations? 2024 in Hindsight!
Looking back, the S&P 500 ended 2023 at 4,769 points.
At that time, major financial institutions predicted year-end targets ranging between 4,200 and 5,400 points.
Clearly, 2024 far exceeded analysts’ expectations, prompting upward target revisions throughout the year.
Click to read SPX. Forecast 2024: Which Institution do You Trust to be More Accurate?
Rewards:
Where do you think the S&P 500 will close this year?
Leave your prediction in the comments, specifying your target within a 10-point range
E.g., “I think the S&P 500 will close at 6,010 points” or “I think it will close at 6,120 points”.
Each valid comment earns 5 Tiger Coins.
The three closest predictions will each win 200 Tiger Coins on January 2nd. 🐯💰
Make your prediction now and let’s see how the market wraps up 2024! 📈✨
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Recently, the US stock market has seen significant divergence. $.DJI(.DJI)$ has fallen for nine consecutive days, $.SPX(.SPX)$ has been flat for nearly a week, while the $.IXIC(.IXIC)$ continues to hit new highs, thanks to Tesla's strong performance. On top of that, the quantum computing sector remains a hot topic.
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Where do you think the S&P 500 will close this year?
Leave your prediction in the comments, specifying your target within a 10-point range
Each valid comment earns 5 Tiger Coins.
The three closest predictions will each win 200 Tiger Coins on January 2nd. 🐯💰