S&P 500 Forecast: Index consolidates on Monday following two weeks of gains
The S&P 500 index opened lower on Monday following two weeks of index gains but has since moved flat.
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The S&P 500 index opened lower on Monday following two weeks of index gains but has since moved flat.
Strategists predicted the benchmark index could hit 4,700 in the next 12 months, as stocks avoid a bear market and the economy dodges a recession.
Wall Street hasn't been this jumpy about a recession since the Volcker era
The US stock market showed a mixed performance on Wednesday, with investors primarily focused on the bond auction and corporate earnings reports amid a week of limited economic data releases.
Equity performance this year has turned increasingly narrow, and the top names account for the vast majority of investors' returns.