RBC Capital Markets isn't giving up on the market after the slow start to the year. Lori Calvasina, the bank's head of U.S. equity strategy, raised her year-end S & P 500 price target to 5,150 from 5,000. This is approximately 9.6% higher than the S & P 500's Friday closing level of 4,697.24. Last week, the S & P 500 snapped a nine-week winning streak as investors began pulling back on the technology titans. The yield on the benchmark U.S. 10-year Treasury also traded above 4% last week, further placing downward pressure on the equity market. On Monday, it dipped back below the key level. .SPX YTD mountain SPX in early 2024…
RBC raises 2024 S&P 500 target despite the pullback to start the year
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