Analysts at UBS raised their targets for the S&P 500 index from 5,800 to 6,000 and set a June 2026 target of 6,400. Favorable first-quarter corporate earnings and hopes for stronger US GDP growth in the second half of the year contributed to the upgrade.
As the experts at JPMorgan believe, the worst of the US stock market correction may be already behind us. As the strategists said on Wednesday, credit markets, which have repeatedly given correct forecasts in the last two years, have again eased their expectations of recession in the US.
As reported by Reuters, US stocks advanced moderately in early trading on Thursday on the lower-than-expected inflation data, which supported the stock market after a sharp selloff. However, escalation of trade tensions, triggered by US President Donald Trump's tariffs, kept gains in check.
The S&P 500 Index (Standard & Poor's 500) is one of the key indicators of the US stock market and overall economic health of the United States. It represents the stock performance of the country's leading corporations. This stock market instrument reflects the dynamics of different sectors and serves as a universal benchmark for investors and analysts.
Major factors that determine the value of S&P 500:
The S&P 500 is often seen as a gauge of US financial health. Its growth suggests positive expectations and investor confidence, while a decrease may signal risks of recession or crisis.
This index is used for both long-term investing and short-term trading. To forecast its movement accurately, it's necessary to take into account macroeconomic data, corporate reporting, and the overall state of the stock market.
