Reported 2 days ago
Wall Street strategists are optimistic about the S&P 500 as they raise targets ahead of earnings season, citing robust indicators such as the AI boom and Federal Reserve rate cuts. Despite concerns over economic pressures and valuation levels, experts like Ed Yardeni and Julian Emanuel foresee potential for the index to rise significantly, contingent on strong corporate earnings and continued investments in technology. As the market braces for upcoming earnings reports, analysts believe the current rally is supported by the resilience of major tech firms.
Source: YAHOO