| Market Closed - USA 22:45:08 16/07/2024 BST | 5-day change | 1st Jan Change | ||
| 5,667 PTS | +0.64% |
|
+1.62% | +18.81% |
| 07-16 | Apollomics Gets 180-Day Extension to Meet Nasdaq Listing Requirement | MT |
| 07-16 | Wall Street: record 'S&P' and D-Jones, Russell-2000 at +3.6 | CF |
Jan 16 (Reuters) - UBS Global Research boosted its 2024 year-end target for the S&P 500 on Tuesday to 5,150, the highest among major global banks, representing a nearly 8% upside from current levels.
The European brokerage earlier expected the index to end 2024 at 4,850.
"While earnings should drive 2024 returns, falling interest rates should support incrementally higher multiples," UBS strategists said in a note.
(Reporting by Roshan Abraham in Bengaluru; Editing by Sonia Cheema)
Highest S&P 500 increases |
|
|---|---|
| +8.22% | |
| +8.01% | |
| +7.46% | |
| +7.45% | |
| +7.44% |
The sharpest declines in S&P 500. |
|
|---|---|
| -3.27% | |
| -3.76% | |
| -3.76% | |
| -6.28% | |
| -10.18% |
S&P 500 
