Fears of a prolonged U.S.-China trade war and a potentially overzealous Federal Reserve have left Wall Street strategists less optimistic about stock market gains next year, but they still expect a decent increase, a Reuters poll found.
The benchmark S&P 500 .SPX will finish 2019 at 2,975, up around 11 percent from Tuesday’s close of 2,682.17, based on the median forecast of 46 strategists polled by Reuters in the last two weeks.
It will end 2018 at 2,800, which would be a near 5 percent gain over last year, according to the poll median.
But the 2019 forecast marks a drop from three months ago, when strategists polled by Reuters predicted the index would reach 3,100 by the end of 2019.
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