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HUGE WARNING (Eruptions Market Report 10-11-24)

Goldman Sachs has raised its target for the benchmark S&P 500 index for the year-end and the next 12 months on expectations of higher margin growth for corporate companies and a steady macroeconomic outlook through 2025.


The Wall Street brokerage on Friday lifted the index target for the next twelve months to 6,300 from 6,000 and raised the current year-end target to 6,000 from 5,600.


Goldman's year-end target implies an upside of 4.32% from the index's last close of 5,751.07 on Friday.





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