Stocks pause as key inflation data eyed
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- US nonfarm payrolls blow past expectations in August; unemployment rate steady at 4.1%
- BofA's Hartnett says stay long commodities and gold as 'policy panic' works
- Oil ends week higher on renewed US-Iran strikes, diesel hits record
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Barclays raises S&P 500 price target as US economy continues to defy headwinds
February 27, 2024 7:24 AM ESTAnalysts at Barclays have raised their price target for the S&P 500 in 2024 as the US economy continues to defy rate headwinds.
The bank revealed it now sees the S&P 500 reaching 5300 in 2024, up from its previous estimate of 4800. The new target is based on its recent sum-of-the-parts valuation framework.
"This reflects our view that inflation will continue to normalize while the economy... More
