Goldman Sachs Abruptly Lifts Target for S&P 500 as US and China Agree To Reduce Tariffs by 115%: Report

Description

Financial services giant Goldman Sachs is reportedly predicting that the S&P 500 (SPX) will hit a new all-time high over the next 12 months amid improving market conditions. In an investment note, analysts at Goldman raise their one-year target for the S&P 500 from 6,200 to a new record high of 6,500, reports Bloomberg. According to a team led by chief US equity strategist David Kostin, the stock market index will rally about 11% from current levels after the White House announced an initial tra...