Various factors have led to the lowest state of the stock market since 2008. A series of troubling updates, including instability in China, an unclear stand from the Federal Reserve, plummeting oil costs, and a stagnation in earnings growth, are behind the setback in Wall Street’s booming market. These developments have erased 6% of the S&P 500’s value just this year.
However, there’s a glimmer of hope. According to a survey conducted by CNNMoney, finance professionals predict a year-end surge, often termed as a ‘Santa Claus rally’, will rejuvenate stocks and help avert a bear market. The survey outcomes suggest that the S&P 500 could end the year at 2015, an enhancement of 3% from Friday’s close.
You can glean more insights from CNN Money.
