A CNBC survey shows strategists on a median basis anticipate the S&P 500 will end the year just slightly higher from here.
There may not be much upside left this year in the S & P 500, at least according to the paid seers on Wall Street . At the midway point of the year, stocks appear to be at a critical juncture. The S & P 500 and Nasdaq Composite have surged to all-time highs, blowing past the expectations of many strategists at the start of the year on the strength of the artificial intelligence rally. The S & P 500 is up 15% so far in 2024, while the Nasdaq has added 18%.
" In recent days, there have been some signals the market has exhausted itself, and is due for a pullback. The S & P 500 and Nasdaq Composite declined in three of the last four trading sessions, as this year's market darling Nvidia tumbled into correction territory. Just last week, the AI chipmaker surged to become the world's most valuable public company , topping Microsoft for the crown, only to tumble more than 10% from its high.
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