S&P 500 Forecast Today - 18/09: Attempts a Breakout (Chart)

What is the S&P 500?

The S&P 500 is a stock market index that tracks the performance of 500 of the largest publicly traded companies in the United States. It is one of the most widely followed stock market indices in the world and is often used as a barometer of the overall health of the U.S. economy.

What is the S&P 500 Forecast Today?

The S&P 500 is currently trading at 4,079.66, down 0.25% from yesterday's close. The index has been on a downward trend since early September, but it has recently shown signs of stabilizing. Analysts are cautiously optimistic that the S&P 500 may be able to break out of its recent downtrend and resume its upward trajectory.

What are the Factors Affecting the S&P 500 Today?

There are a number of factors that could affect the S&P 500 today, including:

• The Federal Reserve's interest rate decision: The Fed is expected to raise interest rates by 75 basis points today, which could put pressure on the S&P 500.
• The release of economic data: The Commerce Department is scheduled to release data on retail sales and industrial production today, which could provide insight into the health of the U.S. economy.
• The earnings season: A number of companies are scheduled to report their earnings this week, which could impact the S&P 500.

What is the S&P 500 Forecast for the Week?

Analysts are expecting the S&P 500 to trade between 3,900 and 4,200 this week. The index could break out of its recent downtrend and resume its upward trajectory if it can close above 4,100.

What is the S&P 500 Forecast for the Month?

Analysts are expecting the S&P 500 to trade between 3,800 and 4,300 this month. The index could reach 4,300 if it can continue its upward momentum.

What is the S&P 500 Forecast for the Year?

Analysts are expecting the S&P 500 to trade between 3,600 and 4,500 this year. The index could reach 4,500 if the U.S. economy continues to recover from the COVID-19 pandemic.

Disclaimer

The information contained in this article is for informational purposes only and should not be construed as investment advice. Investing involves risk, and you should always consult with a qualified financial advisor before making any investment decisions.