Specialist trader Ned Zelles works at his post on the floor of the New York Stock Exchange, August 21, 2015.
REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsNov 13 (Reuters) - Morgan Stanley said on Monday it expects the S&P 500 (.SPX) to end 2024 at 4,500, and predicted earnings recovery through the year.
However, near-term earnings headwinds will persist into early next year before a "durable" recovery takes hold, Wilson said.
Wilson sees strong earnings environment in 2025 with a 16% jump in profit driven by artificial intelligence-led improvement in productivity and margin expansion.
Reporting by Roshan Abraham in Bengaluru; Editing by Dhanya Ann ThoppilOur Standards: The Thomson Reuters Trust Principles.
Persons:
Ned Zelles, Brendan McDermid, Morgan Stanley, Michael Wilson, Wilson, Roshan Abraham, Dhanya Ann Thoppil
Organizations:
New York Stock Exchange, REUTERS, Thomson
Locations:
Bengaluru