Jefferies Group said that the poor profit prospects for US companies mean that the S&P 500 index may fall at the end of the year. Desh Peramunetilleke, head of quantitative strategy at Jefferies, said in a report to clients on Tuesday that the company lowered the target point of the S&P 500 index from 6,000 points to 5,300 points.

Jefferies Group said that the poor profit prospects for US companies mean that the S&P 500 index may fall at the end of the year. Desh Peramunetilleke, head of quantitative strategy at Jefferies, said in a report to clients on Tuesday that the company lowered the target point of the S&P 500 index from 6,000 points to 5,300 points.