Reported about 23 hours ago
Wells Fargo Investment Institute has raised its year-end target for the S&P 500 index to between 6,300 and 6,500, citing favorable factors such as tariff delays and strong corporate earnings. This adjustment follows similar moves by other research firms, influenced by U.S. President Trump's recent trade decisions and economic policies that are expected to bolster corporate profitability. Furthermore, Wells Fargo upgraded its GDP growth forecast and adjusted its earnings-per-share estimate for the index, maintaining a preference for large and mid-cap equities.
Source: YAHOO