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Will the US Bull Market's Rampage Last Until Year-End 2024? Survey Suggests Earnings to Fuel S&P 500

Monday, Oct 21, 2024 5:16 am ET1min read

According to the latest Bloomberg Markets Live Pulse survey, this year's robust rally in US stocks is expected to continue into the final months of 2024, despite the uncertainty surrounding the upcoming presidential election.

The S&P 500 Index is projected to approach the 6,000 mark by year-end, representing a record high that is 2.3% above last Friday's close, based on the median estimates from 411 survey participants.

Notably, three-quarters of respondents believe this earnings season will provide a significant boost to the benchmark, with Corporate America's performance deemed more critical to market outcomes than the election results or the Federal Reserve's policy decisions.

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