S&P 500 Forecast to Hit New Highs in 2024 Amid Slowing Inflation and Strong Earnings Growth
• Analysts predict the S&P 500 will reach new all-time highs in 2024 as inflation continues slowing and central banks cut interest rates • Banks like RBC, BofA, and Goldman Sachs forecast the index hitting 5,000 or more next year amid strong corporate earnings • Q1 and Q2 2024 earnings growth is projected at 6.7% and 10.5% respectively across all sectors • Online holiday sales remained strong over Thanksgiving weekend, evidencing resilient consumer spending • Google will start deleting inactive accounts unused for 2+ years beginning Dec 2 to boost security