From Financial Modeling Prep: 2024-10-03 07:00:53

Goldman Sachs predicts S&P 500 may surpass 6,000 target due to strong corporate earnings in tech and consumer sectors. Federal Reserve rate cuts and tech sector strength, led by Nvidia, Apple, and Microsoft, support market rally. Investor confidence in soft landing for U.S. economy drives inflows into equities.

Risks include geopolitical tensions and inflationary pressures that could disrupt market stability. However, if current trends persist with strong corporate earnings and moderate inflation, S&P 500 could exceed 6,000 points. Investors should monitor broader market trends for insights into active stocks driving performance.



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