Here's Why the S&P 500 Is Set to Eclipse 2,200
Stocks are flirting with record highs and the rally is set to continue, according to one expert.
U.S. stocks are flirting with record highs and the rally is set to continue, according to one expert. 'I would expect us to grind a little higher into the fall,' said Darrell Cronk, President of Wells Fargo Investment Institute. 'Our midpoint [target] on the S&P 500 is 2,240, which is a little ways from here, but I would not expect it to happen in a straight line. I think we're going to get more choppiness.' The S&P 500 currently trades at 2,184. A rise to Cronk's forecast implies 2.6 percent upside. The broad index reached an all-time record close on August 11. TheStreet's Scott Gamm reports from Wall Street.
