Wednesday , 6 November 2024
Home Forex Goldman maintains 12 month S&P target at 6300.
Forex

Goldman maintains 12 month S&P target at 6300.

Goldman Sachs is saying that they keep its 12 month target for the S&P at 6300. The high price today reached 5907. A move to the target would imply a gain of 5.08% from the high price today.

Goldman says that downside risks are the prospect of a trade conflict. On the positive side is the prospects for changed regulatory and corporate tax policy.

The S&P is on pace to close at a new record level today. The prior high closing level came in at 5864.67. The current price trades at 5887.45 up 103.85 points or 1.81%. That’s it largest gain since August 8. The S&P is up 23.46%

The Dow industrial average is leading the major indices with a gain of 1280 points or 3.03%. That gain would represent the largest one day gain since November 10, 2022. The Dow is on pace for a record close if it could stay above 43275.91. The current price trades at 43475.68. For the Dow, the index is up 15.44%

The NASDAQ index is up 385 points or 2.08% for its largest gain since September 19. It is on pace for a record on a close above 18712.75. For the year the NASDAQ is up 25.4%.

The small-cap Russell 2000 is up 100 points or 4.46%. That’s its biggest gain since November 14, 2023

This article was written by Greg Michalowski at www.forexlive.com.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

Dow Jones Industrial Average soars 1,400 points in post-election splurge

The Dow Jones Industrial Average (DJIA) surged to a fresh record on...

US Dollar soars as Trumps gets elected as the US 47th President

The US Dollar Index (DXY), which measures the value of the USD...

Mexican Peso recovers after plummeting to two-year low post US election

The Mexican Peso recovers some ground against the Greenback after hitting a...

Forex Today: Will the Fed add to the euphoria

The Greenback was set for its biggest one-day gain since 2020, boosted...