S&P 500 Index: Set to end 2021 6% higher at 4,100

Dhwani Mehta FXStreet

The US stocks are expected to extend their rally in the rest of the year 2021, with the S&P 500 index likely to finish the year almost 6% higher at 4,100 levels, the latest Reuters poll of strategists showed on Thursday.

Key quotes

“The index, which is up about 3% so far this year, will finish 2021 at 4,100, a 5.6% gain from its close Tuesday of 3,881.37.”

“The index is expected to be at 4,000 by end-June - though with some strategists warning of a possible surge in inflation.”

“The Dow Jones industrial average will finish this year at 32,970, up 4.5% from Tuesday’s close.”

“Wall Street analysts expect S&P 500 earnings to jump 23.3%.”

Asked when earnings would return to pre-COVID-19 levels, most respondents in the poll said “it would happen within six months. “

S&P 500 Futures struggle above 3,900 as US Treasury yields stay firm near yearly top

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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