S&P 500 Forecast: Will Strong Earnings Shelter Stocks from Tax-Motivated Selling?
April 25, 2021 at 09:33 AM EDT
US indices retreated from their record highs as tax hike proposals dented sentiment. Strong earnings and upbeat economic data may cushion the downside. The S&P 500 index is trading at a 32.0 price-to-earnings ratio, far above its five-year mean.