US Markets Touch Record Highs Again & S&P 500 Forecasts

  • Dec 20, 2019 AEDT
  • Team Kalkine

On Thursday, S&P 500 was trading above 3,200 and the session ended with a gain of 0.45% or 14.23 per cent at 3205.37. The thirty-stock Dow Jones Industrial Average climbed up 137.68 points to a record high at 28,376.96.

With strong support in the Senate, President Trump is likely to be acquitted from the impeachment and, bulls in the markets are forecast lofty upside numbers.

S&P 500 has surged over 27 per cent this year, and market participants still hold high optimism in the rally. Some believe that S&P 500 index would reach 3,450 by year-end.

Another prominent firm also has a 2020 forecast of 3,400 for the index, backed by favourable monetary policy, fiscal policy, and revival in business sentiment.

 

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