S&P 500 To End Year Over 6,000? 34% Of Benzinga Readers Predict 'Raging Bull Run'
Portfolio Pulse from Chris Katje
The S&P 500 Index, tracked by the SPDR S&P 500 ETF Trust (NYSE:SPY), is experiencing optimism with a potential strong end to 2024, driven by an interest rate cut. A Benzinga poll shows 34% of readers predict a 'raging bull run' with the index ending above 6,000, while 51% expect it to hold steady between 5,400-5,700. The S&P 500 is currently up 20.9% year-to-date.
October 04, 2024 | 6:47 pm
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The SPDR S&P 500 ETF Trust (SPY) is benefiting from market optimism and a recent interest rate cut, with a 20.9% YTD gain. A Benzinga poll indicates potential for further gains, with 34% predicting the S&P 500 will end 2024 above 6,000.
The SPY ETF, which tracks the S&P 500, is directly impacted by the index's performance. With a 20.9% YTD gain and positive sentiment from a Benzinga poll, the ETF is likely to see continued interest and potential price increases.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80