Skip to content

ChatGPT-4 predicts S&P 500 index for the end of 2024

ChatGPT-4 predicts S&P 500 price for the end of 2024

The S&P 500 recently reached a new all-time high, followed by an unprecedented monthly closure in February. Further, the leading stock index reached higher levels for a record weekly closure at 5,137 on March 1.

Notably, this impressive performance forced expert analysts from financial giants to review their S&P 500 forecasts for 2024. Previously, the expected average was 4,861, with maximum and minimum forecasts of 5,400 and 4,200, respectively.

For example, Barclays adjusted their prediction from 4,800 to 5,300, a remarkable 10% increase.

Interestingly, Finbold asked ChatGPT-4 to predict the S&P 500 price for the end of 2024. The OpenAI’s artificial intelligence (AI) model also showed a strong bullish bias for the stock market this year.

ChatGPT-4 predicts S&P 500 to trade between 5,200 and 5,500

In particular, ChatGPT-4 Turbo output sets the most likely range of 5,200 and 5,500. The AI explained that 2024 will likely be a volatile year “due to uncertainties and adjustments following the Federal Reserve’s decision to lower interest rates.”

Historically, lower interest rates can be positive for the stock market, according to ChatGPT. Because it reduces the cost of borrowing, potentially stimulating investment and spending.

GPT-4’s most likely price prediction for the S&P 500 in 2024. Source: NanoGPT

ChatGPT-4 maximum and minimum forecasts for the S&P 500 in 2024

However, the artificial intelligence model explains that specific scenarios may favor better or worse performances moving forward. In a more optimistic economic landscape, the S&P 500 could reach higher grounds at 5,700 in 2024.

On the other hand, economic downturns, geopolitical escalations, or other factors could bring losses from current levels. ChatGPT-4 also mentions that the market should expect corrections considering the recent rally. In this context, the S&P 500 could drop to a range as low as 4,800-5,000.

GPT-4 most-likely price prediction for the S&P 500 in 2024. Source: NanoGPT

In conclusion, traders should expect an increase between 1.2% and 7.0% in the most likely forecast by ChatGPT-4. Moreover, the S&P 500 could grow nearly 11% in the best-case scenario while dropping 6.5% with the worst prediction.

Investors must follow macroeconomics and corporate earnings in 2024 for better insights into the S&P 500 performance. 

Buy stocks now with eToro – trusted and advanced investment platform

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

Best Crypto Exchange for Intermediate Traders and Investors

  • Invest in cryptocurrencies and 3,000+ other assets including stocks and precious metals.

  • 0% commission on stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.

  • Copy top-performing traders in real time, automatically.

  • eToro USA is registered with FINRA for securities trading.

30+ million Users
Securities trading offered by eToro USA Securities, Inc. (“the BD”), member of FINRA and SIPC. Cryptocurrency offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. Finbold.com is not an affiliate and may be compensated if you access certain products or services offered by the MSB and/or the BD

Read Next:

Finance Digest

By subscribing you agree with Finbold T&C’s & Privacy Policy

Related posts

Sign Up

or

By submitting my information, I agree to the Privacy Policy and Terms of Service.

Already have an account? Sign In

Services

Disclaimer: The information on this website is for general informational and educational purposes only and does not constitute financial, legal, tax, or investment advice. This site does not make any financial promotions, and all content is strictly informational. By using this site, you agree to our full disclaimer and terms of use. For more information, please read our complete Global Disclaimer.