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HSBC sees S&P 500 to rally 8% by 2024-end

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HSBC sees S&P 500 to rally 8% by 2024-end
Reuters
Reuters
December 13, 2023

(Reuters) - HSBC said on Wednesday it expects the U.S. benchmark S&P 500 index to end 2024 at 5,000 points, representing an around 8% upside to the last close.

"We believe market expectations are more optimistic heading into 2024 but far from euphoric," said Head of Equity Strategy Nicole Inui.

(Reporting by Subhadeep Chakravarty; Editing by Savio D'Souza)

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