S&P 500 (^GSPC)
| Previous Close | 4,550.43 |
| Open | 4,545.55 |
| Volume |
| Day's Range | 4,540.51 - 4,559.04 |
| 52 Week Range | 3,764.49 - 4,607.07 |
| Avg. Volume | 3,672,499,047 |
- Yahoo Finance Video
2024 will be 'Year 2 of normalization': BMO's Brian Belski
BMO strategists are maintaining a 5,100 year-end point target for the S&P 500 (^GSPC) in 2024, alongside a $250 EPS projection. BMO Capital Markets Chief Investment Strategist Brian Belski — the man behind BMO's call — sits down in-studio with Yahoo Finance Live to discuss the market themes anticipated for the new year. "People have been so macro and quantitatively drive the last, let's say, three or four years, and they've been wrong aside from 2022," Belski says on BMO's recent report. "We believe that the 'yeah, but' bears are going to continue to change their narrative..." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
- Yahoo Finance Video
S&P 500: BofA's Subaramanian comments on 2024 forecast
Bank of America strategists are maintaining their bullish outlook for the S&P 500 (^GSPC) in 2024, raising its year-end point target to 5,000 and average EPS to $235 for the index. Yahoo Finance's Josh Schafer joins the Live show to discuss Bank of America Strategist Savita Subramanian's comments on the 2024 forecast. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
- Yahoo Finance Video
What rising credit delinquencies signal for the market
The stock market has seen some recovery as inflation continues to cool, the job market remains resilient, and consumers continue to spend. Much of the sentiment for the market going into 2024 seems to be bullish, but rising credit card debt and resuming student loans repayments are worrying some investors. Charles Schwab Chief Fixed Income Strategist Kathy Jones joins Yahoo Finance to discuss her thoughts on the performance of the market, how it relates to rising credit delinquencies, and what upcoming PCE data could mean for the market going forward. We are starting to see some catch-up amongst smaller businesses that are financing at very high interest rates right now, 8%, 10%, etc., and have to roll over those loans at a pretty consistent... short-term basis," Jones explains. "One thing about the consumer we have to keep in mind is, as long as people have jobs they will continue to spend, it's just their ability to spend a certain amount at a certain pace that's probably going to slow down. " For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
