Here's what 9 Wall Street pros are predicting for the stock market in 2017
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All the major indexes rebounded to records and defied the doomsday forecasts that preceded events like Brexit and President-elect Donald Trump's election.
For next year, no strategist at a top Wall Street firm forecasts that the bull market will end. Many expect America's largest companies to return to earnings growth, and to see other benefits from Trump's promises to cut taxes and ease regulations.
Near this time last year, the median year-end forecast for the benchmark S&P 500 index was 2,178 according to Bloomberg. On Thursday, December 8, the S&P 500 closed at 2,246.19, up 12% for the year, and higher than the forecast from the most bullish strategist, Fundstrat's Tom Lee.
Here's what some of the pros are saying about 2017:
- I'm an interior designer. Here are 10 things in your living room you should get rid of.
- A software engineer shares the résumé he's used since college that got him a $500,000 job at Meta — plus offers at TikTok and LinkedIn
- Higher-paid employees looking for work are having a tough time, and it could be a sign of a shift in the workplace
- Renewable energy accounted for 71 per cent of India's new power generation in FY 24
- ICC issue annual team rankings; India lead both white-ball formats while Aussies take top spot in Tests
- Bajaj Pulsar NS400Z launched at ₹1.85 lakh, becomes cheapest 400cc bike in the country
- 10 must-do activities on your next trip to Ooty in 2024
- India, xenophobic? US President Joe Biden says India and Japan’s economy are bad because of xenophobia, compares to China and Russia