S&P 500 Index: Eyes 9% rally to 3,900 by end-2021 – Reuters poll


According to the latest Reuters poll of 40 strategists, the S&P 500 index is set to rise 9% by the end of 2021, as the coronavirus vaccines rollout is likely to boost a post-pandemic economic and corporate earnings recovery.

Key findings

“The benchmark S&P 500 will finish 2021 at 3,900, a 9% gain from its close Monday of 3,577.59. The index is expected to end 2020 at 3,600, close to its current level.”

“Wall Street analysts expect S&P 500 earnings to jump 23% in 2021 after falling more than 15% in 2020, according to tn I/B/E/S data from Refinitiv.”

“Asked when earnings will return to pre-COVID-19 levels, most respondents said it would happen within a year.”

“The Dow Jones industrial average, which was near 30,000 through Monday, will finish next year at 32,500, up around 10% from Monday's close.”

“Some strategists predict the gains in cyclical will extend far into 2021, but others say the rotation may not be long-lived.”

“Strategists in the poll said expectations the Fed will remain accommodative help to bolster the case for equities next year.”

Related reads

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Feed news

Latest Forex News


Latest Forex News

Editors’ Picks

GBP/USD retreats from new highs amid dollar strength

GBP/USD has fallen off the peak of 1.3719, the highest since 2018, amid fresh dollar strength. Optimism about the UK's vaccine campaign and lower cases boosted sterling earlier. The greenback awaiting Biden's first moves as President. 

GBP/USD News

EUR/USD falls toward 1.21 ahead of Biden´s inauguration

EUR/USD has been descending toward 1.21. President-elect Biden is inaugurated later in the day and hopes of stimulus are high after Treasury Secretary nominee Yellen's testimony. 

EUR/USD News

Gold: Bulls recapture 200-DMA ahead of Biden's inauguration

Gold prices are attempting to correct higher above 200-DMA. The metal cheers rising US inflation expectations amid hopes of a massive stimulus package under the incoming Biden administration. 

Gold news

Forex Today: Yellen's stimulus boosts sentiment ahead of Biden's inauguration, BOC, Bailey eyed

The market mood is cheerful with stocks and gold rising and the dollar retreating ahead of Biden's inauguration. Yellen has made the case for more stimulus, boosting sentiment. 

Read more

US Dollar Index extends the drop to the 90.30 area, focus on US politics

The US Dollar Index (DXY), which gauges the greenback vs. its main competitors, remains on the back footing so far this week and slips back to the 90.30/25 band.

US Dollar Index News

Forex MAJORS

Cryptocurrencies

Signatures