Wall Street Matched by S&P 500 for First Time Since 2014: Chartby
The U.S. stock market’s latest rally is making Wall Street strategists seem prescient -- albeit a little sooner than they anticipated. The S&P 500 Index briefly reached an all-time high of about 2,152 on Tuesday, the average level at which strategists surveyed by Bloomberg see the equity benchmark ending 2016. It marks the first time since November 2014 that the gauge has caught up to their optimistic forecasts. If they wind up still being right on Dec. 31, investors will be looking at no gains during the final five months of the year.