Reported about 15 hours ago
Wall Street strategists are increasingly optimistic about the US economy in 2025, projecting growth rates between 2% to 3%, which defies earlier cautious estimates. Analysts from major financial institutions like RBC Capital Markets and Bank of America anticipate the S&P 500 to reach as high as 7,007 or even 7,000, driven by strong economic fundamentals and upward GDP revisions. This positive outlook reflects a notable shift from prior pandemic-era forecasts and suggests a market poised for growth, particularly favoring sectors sensitive to GDP performance.
Source: YAHOO