U.S. election, rate outlook to curb Wall Street gains this year: Reuters poll

U.S. election, rate outlook to curb Wall Street gains this year: Reuters poll
 

Uncertainty surrounding the U.S. presidential election, expectations for higher interest rates and weak corporate earnings will keep U.S. stocks from advancing much in the fourth quarter, according to strategists in a Reuters poll.
The benchmark S&P 500 index .SPX will end the year at 2,173, according to the median forecast of 40 strategists polled by Reuters over the past week. That would be up slightly from Monday's finish of 2,161.2 and a gain of about 6 percent for 2016.
Between July and August, the index hit a series of all-time highs, with the record close now standing at... read more

 
4 October 2016 in Business, Views: 49
Source: Reuters
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