Renowned analyst Yardeni raises US stock market target, says S&P Index could rise to 7,000 points this year
Jinse Finance reported that Wall Street veteran strategist Ed Yardeni has raised his year-end baseline target for the S&P 500 index from the previous 6,600 points to 6,800 points. He also believes there is a 25% chance that this benchmark index of the US stock market could experience a "melt-up" to 7,000 points within the period. The new target implies a further 4.1% increase from Wednesday's closing level of 6,532 points. Yardeni attributes the new target to stable inflation data and expectations of a Federal Reserve rate cut next week.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Data: Circle newly minted 500 millions USDC
Spot gold returns to $4,200
Data: AWE rises over 22%, SKY rises over 9%
BNB Chain: Zero-fee transfer promotion for USDC and USD1 extended until December 31
