Promising for equity markets barring headwinds

AS 2024 comes to a close, it is an opportune time to reflect on the financial markets and what it has given investors this year.

Reflecting on last year’s forecast, this column predicted that the US equity markets would likely trend higher for a longer period with a target of 40,000 points on the Dow Jones Industrial Average, the S&P 500 Index to surpass 5,000 points based on consensus expectations, and the Nasdaq 100 might even pass the 20,000-point psychological barrier.