Equities Update Asian stocks rose for a second day after Citigroup Inc. reported better-than-forecast profit, boosting confidence that earnings growth can sustain further gains in shares. Goldman Sachs Group Inc. raised its S&P 500 forecast for 2014 to 2,050 from 1,900, citing rising earnings and faster economic growth. Stocks with lower valuations will outperform the market before the Federal Reserve begins tightening interest rates, according to the report.
Posted on: Tue, 15 Jul 2014 07:36:35 +0000
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