Traders high five at the end of the trading day at the New York Stock Exchange in New York City, U.S. February 6, 2018. REUTERS/Brendan McDermid
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The 4.5 percent drop in the benchmark S&P 500 over the last five days has not dented strategists' expectations for mild to moderate gains in the U.S. stock market by the end of the year, with corporate earnings and interest rates not expected to derail equities.Only one of the more than 10 U.S. equity strategists contacted by Reuters Tuesday has lowered their year-end target for the S&P 500 . The S&P 500 rose 1.7 percent to 2,695 Tuesday, one day after posting its largest one-day loss in over six years.Strategists said that the decline in stocks was overdue after 2017, a year that saw the S&P 500 jump 19 percent, and may continue despite the nearly 2 percent gain in the index Tuesday.
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