S&P 500 could dip below 5000 if high inflation persists: RBC

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Oppenheimer raises Utilities sector rating, cuts Real Estate

May 28, 2024 11:45 AM EDT

Oppenheimer analysts raised their rating for the utilities sector and cut the rating for real estate in a wide-ranging note Tuesday, noting the positive earnings growth.

The firm highlighted that eight of the 11 sectors in the S&P 500 are showing earnings growth, with six up double-digit rates.

These include communication... More