Investi Stratix
  • Politics
  • Economy
  • Forex
  • Stock
  • Editor’s Pick
  • Politics
  • Economy
  • Forex
  • Stock
  • Editor’s Pick
No Result
View All Result
Investi Stratix
No Result
View All Result

S&P 500 Surges to 6,000: Election Year Momentum

by
October 21, 2024
in Editor's Pick
0
S&P 500 Surges to 6,000: Election Year Momentum

S&P 500 Set to Near 6,000 as Earnings Boost Market Outlook

After delivering a 23% return in 2024, the S&P 500 sets targets of the 6000 mark, Expecting 2.3% growth from the previous Friday’s closing of the 5864 mark. Nearly 20% of stock from S&P are still scheduled to put up quarterly results. 

According to a survey, the Tech sector will again take the lead in the market. Magnificent Seven (Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia and Tesla) are expected to outperform or perform in line with the broader market. Though the group started the October series with a 0.9% decline, investors are expecting a strong performance in the seven and relative market.  

With an optimistic approach toward S&P 500 growth, investors do not fear the election results in November 2024. Investors sentiments has lot to do with market data points compared to election outcome.

Top Factor Pushing S&P 500 toward 6000 Mark

Earning and Corporate performance helped the market stay bullish, as many companies from the S&P 500 have shown good returns despite economic challenges like inflation and supply chain disruption. Sectors like Tech and Energy can push the market higher.

Despite being under inflation pressure, job growth, consumer spending and GDP results, which came out better than expected, fuel the optimism among the investors.

Federal Reserve policies play a key role in market sentiments; if the current slowdown in inflation continues, then the Fed might end up lowering the interest rate or potentially cutting rates. This will eventually increase the investor’s interest, putting the S&P 500 higher.

Advancements in AI and technology boost the market, especially Nvidia, which has tripled its value this year. Investors eagerly anticipate Nvidia’s November earnings release. With other stocks in support, like Microsoft and Alphabet, these three can heavily influence the index climb.

The Election Factor

Davis Kostin (Goldman Sachs Group Inc. chief) told Bloomberg Television that investors will face market turbulence in the coming weeks as Vice President Kamala Harris and former President Donald Trump prepare for elections. Historically, it’s the period when the market faces huge volatility and equities price declines.

Global Markets and tactical specialist expects choppy trading in coming weeks, eventually pushing the index higher; he said “Fomo year-end rally “ following the election. 

The post S&P 500 Surges to 6,000: Election Year Momentum appeared first on FinanceBrokerage.

Previous Post

S&P 500 Extends Best Weekly Winning, Futures Edge Up 0.1%

Next Post

AUDUSD and AUDNZD: Targets and Prices Weekly Overview

Next Post
AUDUSD and AUDNZD: Targets and Prices Weekly Overview

AUDUSD and AUDNZD: Targets and Prices Weekly Overview

Subscribe to InvestiStratix.com

    Popular News

    US visa bans on Brazilian judges spark diplomatic rift, cloud economic ties

    US visa bans on Brazilian judges spark diplomatic rift, cloud economic ties

    July 20, 2025
    The new global demographic challenge: not too many, but too few

    The new global demographic challenge: not too many, but too few

    July 20, 2025
    How billionaire Caltagirone could influence Italy’s banking M&A wave

    How billionaire Caltagirone could influence Italy’s banking M&A wave

    July 20, 2025
    Sarepta shares fall 37% as FDA questions future of key gene therapy

    Sarepta shares fall 37% as FDA questions future of key gene therapy

    July 19, 2025
    Talen Energy surges 25% to ATH after strategic natural gas power plant acquisition

    Talen Energy surges 25% to ATH after strategic natural gas power plant acquisition

    July 19, 2025

    Trending News

    US visa bans on Brazilian judges spark diplomatic rift, cloud economic ties

    US visa bans on Brazilian judges spark diplomatic rift, cloud economic ties

    July 20, 2025
    The new global demographic challenge: not too many, but too few

    The new global demographic challenge: not too many, but too few

    July 20, 2025

    Popular News

    • How billionaire Caltagirone could influence Italy’s banking M&A wave
      July 20, 2025
    • How billionaire Caltagirone could influence Italy’s banking M&A wave
      July 19, 2025

    About Us

    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 investistratix.com | All Rights Reserved

    No Result
    View All Result
    • Politics
    • Economy
    • Forex
    • Stock
    • Editor’s Pick

    Copyright © 2025 investistratix.com | All Rights Reserved