Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

S&P 500 Advances Above Average Wall Street Strategist Forecast

Don't Miss Out —
Follow us on:

Oct. 27 (Bloomberg) -- The Standard & Poor’s 500 Index rallied above the average strategist forecast for its closing level on Dec. 31, the third straight year that stocks ran ahead of projections.

The benchmark measure of U.S. equities rose as much as 3.6 percent to 1,286.34 today, topping the 1,285 average estimate of 12 Wall Street strategists surveyed by Bloomberg News. The index closed above the year-end forecast on Nov. 4 in 2010 and on June 2 in 2009, according to data compiled by Bloomberg.

The European debt crisis and concern that global economic growth will slow drove the index down to 1,119.46 on Aug. 8, or 19 percent below the strategist projection at the time of 1,389.

To contact the reporter on this story: Whitney Kisling in New York at wkisling@bloomberg.net

To contact the editor responsible for this story: Nick Baker at nbaker7@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.