Goldman Sachs' forecast came as stocks finished higher on Tuesday, with the S&P 500 and the Dow Jones industrials ($INDU) closing at new highs.

The yen lost ground after a Japanese minister rowed back on remarks suggesting the currency had weakened enough. In the latest sign of improving sentiment, Goldman Sachs forecast further gains for the S&P 500 this year, expecting it to rise to 1,750 ...

Moreover, �should the S&P 500 'melt-up' above channel resistance, a longer-term measured move projects up to 1,775,� the analyst says.

A somewhat more encouraging indicator is 52-week forward consensus expected revenues for the S&P 500--the time-weighted average of analysts' estimates for the current and the coming year.

Newscast: Fresh highs for the Dow and S&P 500. 0 Comments. Tweet. new. Portfolio Relevance. LEARN MORE. Want to see how this story relates to your portfolio?

Many investors think a correction must be around the corner given the recent strength in U.S. equities, but history suggests otherwise.

Newscast: Dow and S&P 500 no longer at record high. 0 Comments. Tweet. new. Portfolio Relevance. LEARN MORE. Want to see how this story relates to your portfolio?

For example, the S&P 500 consolidated in a 60-point range from early March through early May� finding a bottom near 1,540 and peaking near 1,600.

U.S. stocks rose on Wednesday, with the Dow and S&P 500 hitting new all-time highs in a broad market rally as the recent upward momentum persisted.

Goldman Sachs lifts S&P 500 target 5% for 2013. 0 Comments. Tweet. new. Portfolio Relevance. LEARN MORE. Want to see how this story relates to your portfolio?