Summary
- The U.S. S&P 500 index hit a record intraday high of 7,808.42 on August 13.
- It was the first time the S&P 500 index had broken above 7,800.
- Morgan Stanley and Goldman Sachs both raised their year-end S&P 500 targets to 8,000.
Forecast Trend Report by Period
The S&P 500 set a fresh intraday record on August 13.
According to TradingView, the index stood at 7,808.42 as of 11:23 p.m. Korea time, up 0.78% from the previous session.
It was the first time the S&P 500 had topped 7,800.
Earlier in May, Morgan Stanley raised its year-end target for the S&P 500 to 8,000 from 7,800. Goldman Sachs also lifted its target to 8,000 from 7,600 at that time.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul