HSBC sees S&P 500 to rally 8% by 2024-end

(Reuters) – HSBC said on Wednesday it expects the U.S. benchmark to end 2024 at 5,000 points, representing an around 8% upside to the last close.

“We believe market expectations are more optimistic heading into 2024 but far from euphoric,” said Head of Equity Strategy Nicole Inui.