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Goldman sees S&P at 2,100 by year’s end after Fed stands pat
Analysts at Goldman Sachs expect the S&P 500 will climb to 2,100 by the end of this year, partly due to the Federal Reserve’s decision last week to keep interest rates at historically low levels. “The no-hike decision eased financial conditions and supports S&P 500 SPX, +1.00% rising to 2,100 by year-end,” wrote the Goldman analysts in their “U.S. weekly kickstart” note. The analysts — led by the bank’s chief U.S. equity strategist, David Kostin — are reiterating an S&P target that they detailed a month ago. The U.S. stock benchmark stands at 1,958 as of Friday’s close, down 4.9% for the year. While ... (full story)
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