(Bloomberg) -- Goldman Sachs Group Inc. chief investment strategist Abby Joseph Cohen increased her forecasts for the Standard & Poor's 500 Index and Dow Jones Industrial Average to 1600 and 14,000, respectively, by the end of the year.
The S&P 500 closed on May 4 at 1505.62, the highest since September 2000. Cohen's new estimate implies a 6.3 percent advance from the current level. The Dow, which finished at a record 13,264.62 last week, would have to rally 5.5 percent to meet Cohen's projection.
Read more at Bloomberg Stocks News
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