Bank of America strategists raised their year-end S&P 500 target from 5,600 to 6,300, with a 12-month goal of 6,600 being set. According to the firm, US corporate performance has remained strong despite uncertain trade policies and broader economic instability.
The S&P 500 closed slightly lower on Tuesday as investors remained cautious amid uncertainty over US trade policy. Reuters reports that fresh tariff threats from Donald Trump weighed on market optimism, dimming hopes for progress in trade talks with several key partners.
Australia’s top pension funds, managing over 4 trillion Australian dollars ($2.6 trillion), are revising their investment strategies. Geopolitical instability and the US administration’s erratic actions prompted them to diversify away from US stocks.
Goldman Sachs has increased its 3-, 6- and 12-month return forecasts for the S&P 500 index, citing potential interest rate cuts in the US and fundamental strength of major American large-cap companies.
Wall Street's major indexes plunged on Monday after US President Donald Trump announced sweeping tariffs on several trading partners, set to take effect August 1, Reuters reports.
GMT -12
GMT -11
GMT -10
GMT -09
GMT -08
GMT -07
GMT -06
GMT -05
GMT -04
GMT -03
GMT -02
GMT -01
GMT +00
GMT +01
GMT +02
GMT +03
GMT +04
GMT +05
GMT +06
GMT +07
GMT +08
GMT +09
GMT +10
GMT +11
GMT +12