BofA's Year-End Target for S&P 500: 6,000 Points

Foreks - BofA Merrill Lynch executive Savita Subramanian stated that the year-end target for the S&P 500 is 6000 points. Subramanian said, "We set our current year-end S&P 500 target at 6000 with balanced risks until the end of the year. Better growth and the easing of election uncertainty have been the most significant positive developments recently. Our market indicators do not suggest imminent bear market risks at the index level." The S&P 500 closed yesterday at 5949.17 points, down 0.6%.