David J. Kostin

Wall Street analysts are painting optimistic pictures for the U.S. stock market heading into 2025, with the S&P 500 index — as tracked by the SPDR S&P 500 ETF Trust (NYSE:SPY) — expected to climb to 6,500 points by year's end, according to both Goldman Sachs and Morgan Stanley. That...

Goldman Sachs projected a bullish scenario for stocks in 2024, with the S&P 500 expected to hit 4,700, signifying a 12-month price gain of 5% and a total return of 6%, inclusive of dividends. Analysts David J. Kostin, Ben Snider and Ryan Hammond expect the U.S. economy to continue its modest...

Goldman Sachs (NYSE: GS) is reducing its valuation projection for the S&P 500 as rising interest rates signal bad times for stock prices. Investors are reacting by shunning most asset classes and going into cash as a way to weather the storm. ‘A hard landing scenario is...