Institutional survey: S&P 500 index will move towards 6,000 points

Odaily Planet Daily Report: According to the latest Bloomberg survey, despite the upcoming US presidential election being a major uncertainty factor, the US stock market's crazy rebound is expected to continue until the final stage of 2024. Based on the median forecast of 411 respondents, the S&P 500 index will approach 6,000 points by the end of the year, up 2.3% from last Friday's close, setting a new high. Three-quarters of respondents expect the current earnings season to boost the index, and the strength of US corporate performance is seen as more critical to the stock market's performance than who wins the November election, or even the Federal Reserve's policy direction. Data shows that about 70 companies in the S&P 500 index have already reported earnings, with 76% of them beating expectations. Respondents expect tech giants reporting results later to lead again. A total of 75% of people expect the "Big Seven" to outperform or match the market average this quarter. (Jinshi)