US EditionBanking Giant Updates S&P 500 Target for 2026
2 Articles
2 Articles
The S&P 500, the world’s leading stock market index, is on the way to closing the year in historic highs. Last Thursday it closed for the first time in the 6,900 points and still holds a 10% hike for next year according to Goldman Sachs, which values the index at 7,600 points in 2026. The rally will be sustained by “a robust economic growth in the US,” according to the US bank, a still weak dollar and by the strength of business profits. The S&P…
Banking giant updates S&P 500 target for 2026
As the S&P 500 seeks to claim new record levels, a Wall Street banking giant is projecting that the benchmark is likely to surpass 7,500 in 2026. Specifically, Goldman Sachs raised its outlook for U.S. equities, projecting the S&P 500 will reach 7,600 as corporate earnings continue to expand and artificial intelligence (AI) adoption accelerates across the economy. The outlook implies growth of about 11% from the last closing value of 6,827 and …
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