Whale Large Capital
  • Politics
  • World News
  • Business
  • Investing
  • Politics
  • World News
  • Business
  • Investing

Whale Large Capital

Investing

S&P 500 Surges to 6,000: Election Year Momentum

by October 21, 2024
October 21, 2024
S&P 500 Surges to 6,000: Election Year Momentum

S&P 500 Set to Near 6,000 as Earnings Boost Market Outlook

After delivering a 23% return in 2024, the S&P 500 sets targets of the 6000 mark, Expecting 2.3% growth from the previous Friday’s closing of the 5864 mark. Nearly 20% of stock from S&P are still scheduled to put up quarterly results. 

According to a survey, the Tech sector will again take the lead in the market. Magnificent Seven (Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia and Tesla) are expected to outperform or perform in line with the broader market. Though the group started the October series with a 0.9% decline, investors are expecting a strong performance in the seven and relative market.  

With an optimistic approach toward S&P 500 growth, investors do not fear the election results in November 2024. Investors sentiments has lot to do with market data points compared to election outcome.

Top Factor Pushing S&P 500 toward 6000 Mark

Earning and Corporate performance helped the market stay bullish, as many companies from the S&P 500 have shown good returns despite economic challenges like inflation and supply chain disruption. Sectors like Tech and Energy can push the market higher.

Despite being under inflation pressure, job growth, consumer spending and GDP results, which came out better than expected, fuel the optimism among the investors.

Federal Reserve policies play a key role in market sentiments; if the current slowdown in inflation continues, then the Fed might end up lowering the interest rate or potentially cutting rates. This will eventually increase the investor’s interest, putting the S&P 500 higher.

Advancements in AI and technology boost the market, especially Nvidia, which has tripled its value this year. Investors eagerly anticipate Nvidia’s November earnings release. With other stocks in support, like Microsoft and Alphabet, these three can heavily influence the index climb.

The Election Factor

Davis Kostin (Goldman Sachs Group Inc. chief) told Bloomberg Television that investors will face market turbulence in the coming weeks as Vice President Kamala Harris and former President Donald Trump prepare for elections. Historically, it’s the period when the market faces huge volatility and equities price declines.

Global Markets and tactical specialist expects choppy trading in coming weeks, eventually pushing the index higher; he said “Fomo year-end rally “ following the election. 

The post S&P 500 Surges to 6,000: Election Year Momentum appeared first on FinanceBrokerage.

0
FacebookTwitterGoogle +Pinterest
previous post
S&P 500 Extends Best Weekly Winning, Futures Edge Up 0.1%
next post
USDCHF and USDJPY: USDJPY is retesting the EMA 200

You may also like

On-Balance Volume (OBV) in Trading Explained

September 19, 2024

Gold and silver: Gold fell to a seven-day...

September 2, 2024

Top Stock Gainers & Losers: PRCT Stock +32%,...

October 29, 2024

Bitcoin continues to stick to the bullish side...

September 11, 2024

The dollar index is looking for more stable...

August 30, 2024

Kraken Rolls Out Commission-Free Stock Trading

April 21, 2025

SafeMoon and Litecoin: SafeMoon is holding above the...

September 12, 2024

The dollar index has been moving steadily this...

September 4, 2024

Dogecoin and Shiba Inu: Dogecoin in retreat since...

October 17, 2024

Fed’s Stagflation Warning Impacts Crypto Markets

April 21, 2025

    Subscribe today to receive exclusive access to all our retirement secrets and income strategies, including special financial news and updates from our experts. From time to time, our newsletters feature valuable insights and analysis on the latest financial trends. Don't miss out on these exclusive updates – join our subscription to stay informed!


    By opting in you agree to receive emails from us. Your information is secure and your privacy is protected.



    Latest

    • Schumer accuses Trump of exploiting Charlie Kirk’s death to launch political ‘witch hunt’

      September 18, 2025
    • Trump: Putin has ‘really let me down’ on Ukraine peace efforts

      September 18, 2025
    • Turning Point USA elects Erika Kirk as new CEO, chair of the board following Charlie Kirk’s assassination

      September 18, 2025
    • Trump administration asks Supreme Court to allow firing of Fed Governor Lisa Cook

      September 18, 2025
    • Thune pans Democrats’ shutdown stance as ‘borderline pathological,’ ‘like a disease’

      September 18, 2025
    • Stefanik asks AG Bondi to probe medical charity over Hamas propaganda claims

      September 18, 2025

    Categories

    • Business (801)
    • Investing (661)
    • Politics (5,626)
    • World News (3,213)
    • Terms & Conditions
    • Privacy Policy
    • Contact us
    • About us

    Disclaimer: WhaleLargeCapital.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 WhaleLargeCapital.com | All Rights Reserved