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.
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
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