The Dow and S&P 500 will rally 9% this year, according to survey of Wall Street analysts
The S&P 500 and the Dow Jones Industrial Average will post full-year gains of about 9% in 2023, according to a survey of market analysts conducted by Reuters.
But 70% of analysts polled also noted that inflation and higher benchmark interest rates from the Federal Reserve could also lead to a correction for the S&P 500 within the next three months. So far this year, the index has gained 4.1% after declining nearly 20% last year.
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