Dow tumbles 700 points into bear market territory, S&P 500 heads for new 2022 closing low

Dow tumbles 700 points into bear market territory, S&P 500 heads for new 2022 closing low

With the price of the S&P 500 falling by 17% since March 31 and concerns about a recession rising in recent weeks, where do industry analysts believe the price of the index will go from here? Industry analysts in aggregate predict the S&P 500 will see a price increase of 25.7% over the next twelve months. This percentage is based on the difference between the bottom-up target price and the closing price for the index as of yesterday (September 22). …