Survey: Expect the S&P 500 to push nearly 9% higher over the next year, say market experts Bankrate 20 hrs ago © blackred/Getty Images A picture of a stock chart and exchange data
For a third straight quarter, experts believe the stock market will continue to rise over the coming year, according to a new survey from Bankrate. The Second-Quarter Market Mavens survey revealed that analysts are projecting a 8.7 percent gain in the Standard & Poor s 500 Index (S&P 500) over the coming 12 months. Notably, not a single analyst expected the index to fall.
The numbers were in line with the estimates of the prior two quarters as well, with forecasted gains of 8.9 and 8.5 percent. The market has climbed around 14 percent since the start of the year.
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