As of Oct. 2, the YTD return for the S&P 500 Index was 3.64 percent.
Bank of America strategists have cut their year-end forecasts for the S&P 500 two times this year, according to Reuters reports. Their latest forecast has the index ending the year at 3,250. Savita Subramanian, Bank of America’s U.S. equity chief, said that the “range is wide” for the index’s year-end target price. He told colleagues in a memo in September that the index could end somewhere between 2,200 and 4,000, according to Reuters.
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