The prediction joins other bullish Wall Street outlooks for US and European equities, following a solid earnings season and as concerns about rising inflation and rate hikes recede. (File pic shows Goldman Sachs in New York)
NEW YORK: Goldman Sachs Group Inc strategists lifted their outlook for United States stocks, saying the rally that has pushed the country’s benchmark index to successive record highs will continue into next year.
“We forecast the S&P 500 index will climb by 9% to 5,100 at year-end 2022, reflecting a prospective total return of 10% including dividends,” strategists led by David J. Kostin wrote. Goldman had previously forecast a 4% rise to 4,900 points by the end of next year.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
