Rochester,NY 8/20/2009 10:02:54 PM
BlackRock, Inc.,BLK-Standard & Poor’s 500 Index May rise 6% by End of Year, BlackRock’s Doll Predicts
BlackRock, Inc
Aug. 19-The Standard & Poor’s 500 Index may rise as much as 6 percent by year-end as an economic rebound in the second half leads to sales growth for U.S. companies, said Robert Doll, global chief investment officer at BlackRock Inc.
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“Our guess is starting this quarter, the third quarter into the fourth quarter, we will have positive real and nominal GDP, permitting some revenue growth,” Doll said.
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