BMO Capital Markets raises S&P 500 year-end target to 5600

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 35 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 63%

BMO Capital Markets News

Target

BMO Capital Markets announced that it is raising its year-end target goal for the S&P 500 (^GSPC) to 5600. It is currently the highest target on Wall Street....

Now the highest on the street, the firm is forecasting the index to end the year at 5600 that is up from 515,100.

And he was talking about just the strength that we are seeing within the market, especially at this time.And also essentially the fact he made the point that consider that investor expectations and fed policy guidance have now essentially come aligned the significant disconnect that existed at the beginning of the year.

It costs you less to trade US stocks at Interactive Brokers than at other brokers. Your capital is at risk.A U.S. Department of Justice investigation into TD Bank was focused on how Chinese drug traffickers and crime groups used Canada's second-largest lender to launder their money from fentanyl sales, the Wall Street Journal reported earlier this month.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Markets today: S&P 500 rally wanes amid U.S. stagflation chatterThe stock market struggled to gain much traction after data pointed to an economy that is slowing amid stubborn inflation, posing a challenge to the outlook of Federal Reserve rate cuts.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Markets today: S&P 500 runs out of steam amid stagflation chatterThe stock market lost traction and bond yields rose after data pointed to an economy that is slowing amid stubborn inflationary pressures, posing a challenge to the outlook of U.S. Federal Reserve rate cuts.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Markets today: S&P 500 is back to 5,200 as traders ride momentumThe stock market climbed to its highest level since early April, extending a rebound that’s been fueled by speculation the Federal Reserve will be able to cut interest rates this year.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Markets today: S&P 500 'bumps into a Wall' after blistering rallyWall Street’s enthusiasm for stocks faded as many traders were reluctant to keep piling in after a solid rally in early May.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Markets today: S&P 500 runs into roadblock after winning streakWall Street’s enthusiasm for stocks faded after a four-day advance that drove the market to its longest winning run since March.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Markets today: U.S. stock rally wavers as S&P 500 briefly tops 5,200The rally that has powered stocks in May struggled gain much traction on Tuesday, with investors split on whether the market can sustain the advance given all the economic crosscurrents.
Source: BNNBloomberg - 🏆 83. / 50 Read more »