Reported about 8 hours ago
Citigroup has raised its year-end target for the S&P 500 index to 6,600, attributing this increase to expected boosts in corporate earnings from U.S. President Donald Trump's recent tax and spending bill. This is the second upward adjustment in two months, aligning with similar increases from major financial institutions. The new target suggests a 3.2% upside from the index's previous close, reflecting anticipated improvements in earnings due to the bill that offers significant corporate tax relief.
Source: YAHOO