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Ameriprise Financial Incorporated
Investing: the midyear outlook for stocks

We predicted in January that Standard & Poor's 500-stock index would finish the year in the vicinity of 1900, and the Dow Jones industrial average would close above 17,000. We still think that's a good, conservative bet, although it's possible that stocks could tack on a little more -- with the S&P 500 closing between 1950 and 2000. That would produce gains of 6 percent for the year and would translate to roughly 17,500 for the Dow. Stock returns will mirror growth in corporate earnings, which analysts estimate at 6 percent to 7 percent this year. Dividends will add another two percentage points to the market's return. But the market has grown more complicated --...

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