Reported 6 months ago
As major stock indexes hit near-record highs, Wall Street remains optimistic, with three equity strategists increasing their year-end S&P 500 targets to a median of 5,250. The outlook for earnings and economic growth has improved, leading to a shift in market sentiment with investors now pricing in fewer rate cuts. The strong market momentum and robust corporate earnings growth indicate further potential upside for stocks, though some strategists caution that pullbacks may still occur.
Source: YAHOO