Goldman Sachs released a report stating that it expects the S&P 500 index to rise to 6500 points by the end of this year, primarily driven by corporate earnings growth; it estimates earnings per share growth of 11% this year and 7% next year, with the price-to-earnings ratio expected to remain around 21.5 times by the end of the year.

Goldman Sachs noted that the total return of the S&P 500 index last year reached 25%, marking the second consecutive year with a return rate exceeding 20%, with the last occurrence of the S&P 500 index having consecutive two-year returns over 20% being in 1998 and 1999. Last year, nearly half of the annual return came from five stocks: NVIDIA, Apple, Amazon, Alphabet, and Broadcom. (Jinshi)