Stock Market News
HSBC sees S&P 500 to rally 8% by 2024-end
2023.12.13 04:07
© Reuters. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 28, 2023. REUTERS/Brendan McDermid/File Photo
(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.
