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Stock market: Average S&P 500 price target dips below $5,000

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Yahoo Finance Live’s Brian Sozzi breaks down the stat of the day.

Video Transcript

OK. It's Stat Of The Day time, folks. Since peaking at 5,344 on January 20, the average price target among strategists for the S&P 500 has declined by 7% to 4,987. This past week marked the first time the average price target for the S&P 500 has dipped below 5,000 since August 23, 2021. So as for all this, folks over at FactSet.

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