S&P 500 Poised To Extend Bull Run? Market Strategist Sees 'AI Fervor' And Ebbing Inflation Pushing Valuation Toward Dot-com Peak

Benzinga · Jun 17 14:30

The stock market has carried forward the momentum seen in 2023, and optimism regarding another stellar abounds on the Street. A market strategist on Sunday hiked the year-end price target for the S&P 500 Index, a broader gauge, to the highest on the Street.

What Happened:Evercore ISI chief equity and quantitative strategistJulian Emanuelexpects the S&P 500 Index to finish 2024 at 6,000, Bloomberg reported. The index ended Friday's session at 5,431.60, which translates to a gain of about 13.87% so far this year.

If Emanuel's estimate proves to be accurate, the index is on track to gain another 10.5% for...

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S&P 500 Poised To Extend Bull Run? Market Strategist Sees 'AI Fervor' And Ebbing Inflation Pushing Valuation Toward Dot-com Peak

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