Goldman Sachs Predicts S&P 500 To Reach 6500 Points By Year-End

According to Odaily, Goldman Sachs has released a report forecasting that the S&P 500 index will rise to 6500 points by the end of this year, driven primarily by corporate earnings growth. The report estimates an 11% increase in earnings per share for this year and a 7% increase for the next year, with the price-to-earnings ratio expected to remain around 21.5 times by year-end. Goldman Sachs noted that last year, the S&P 500 achieved a total return of 25%, marking the second consecutive year with returns exceeding 20%. The last occurrence of such consecutive high returns was in 1998 and 1999. Nearly half of last year's annual returns were attributed to five stocks: Nvidia, Apple, Amazon, Alphabet, and Broadcom.