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NEW YORK A surprisingly sharp rebound in the economy and earnings will drive further gains in U.S. stocks this year, though the S&P 500 is likely to end 2021 less than 6% up from its current level, according to a Reuters poll of strategists.
The benchmark S&P 500 ended pandemic-hit 2020 with gains of 16.3%, lifted late in the year by optimism over the rollout of COVID-19 vaccines and prospects of more U.S. fiscal stimulus.
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The index, which is up about 3% so far this year, will finish 2021 at 4,100, a 5.6% gain from its close Tuesday of 3,881.37, according to the median forecast of 50 strategists polled by Reuters over the last two weeks.
Strategists: S&P 500 to gain 6% in rest of 2021
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S&P 500 to gain 6% in rest of 2021: Reuters poll
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