Several factors have brought the stock market to its lowest point since 2008. Issues such as instability in China, uncertainty from the Federal Reserve, falling oil prices, and stagnant earnings growth have all contributed to setbacks in Wall Street’s once thriving market. These events have resulted in a 6% drop in the S&P 500’s value this year.
Still, there’s some optimistic news. A survey conducted by CNNMoney indicates that finance experts believe there could be a year-end surge, often called a ‘Santa Claus rally,’ which could boost stocks and potentially prevent a bear market. The survey results suggest that the S&P 500 might close the year at 2015, representing a 3% increase from Friday’s close.