Goldman Sachs Predicts US Stock Market Surge

Goldman Sachs strategists predict US stocks to hit new highs next year, driven by stronger earnings from AI adoption and a resilient economy. The new chief US equity strategist sets a target of around 7600 for the S&P 500 index, a ten percent gain from current levels. Other financial institutions share this optimism, with global money managers betting on a continued rally. Despite concerns of a bubble in big tech, analysts expect a fourteen percent increase in S&P 500 net income and an eighteen percent increase from largest tech firms.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.