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Analysts do not completely rule out the chance of a brief downturn in the stock market, despite the optimism. The experts claims that since 1929, there have been three average 5% market pullbacks and one 10% correction every year, according to MarketWatch.
The S&P 500 had a value of 5137.08 points at Friday's market finish. As a result, the updated BofA prediction calls for an increase in the indicator of more than 5% by year's end.
The S&P 500 grew by 7.7% since the start of 2024, the Nasdaq Composite has increased by 8.4%, and the Dow Jones Industrial Average has increased by 3.7%.
source: marketwatch.com
The S&P 500 had a value of 5137.08 points at Friday's market finish. As a result, the updated BofA prediction calls for an increase in the indicator of more than 5% by year's end.
The S&P 500 grew by 7.7% since the start of 2024, the Nasdaq Composite has increased by 8.4%, and the Dow Jones Industrial Average has increased by 3.7%.
source: marketwatch.com
