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Citigroup Lifts S&P 500 Year-End Target

Major U.S. lender and investment banking company Citigroup lifted its S&P year-end target by 15% as the probability of an economic recession continues to decline amid cooling inflation. The bank is forecasting the S&P 500 to end on 4,600 points at the end of 2023;...

Forecast for S&P 500 Q2 Earnings Still Weak But Improving

Refinitiv data released on Friday showed that the forecast for second-quarter S&P 500 earnings has improved since last week, despite remaining weak. Earnings results for over half of the companies listed on the index have come out so far. Q2 earnings for companies are estimated...

S&P 500 Back in Bull Market, Bank of America Confirms

The S&P 500 is at the start of a new bull market after gaining more than 20% following its October lows. Its current run to the bull market of 248 trading days marks the longest bear run on the S&P since 1948. "We are back...

Stock Futures Mixed Following S&P 500’s Worst Week of 2023

U.S. stocks displayed mixed results on Monday morning after the S&P 500 experienced its worst week of the year so far last week. In addition to the index's recent slump, investors also remain concerned about upcoming inflation readings. Futures on the S&P 500 edged higher...

Stocks Rise as S&P 500 Looks to End Losing Streak

U.S. stocks rose on Thursday morning, thereby giving hope to the possibility of the S&P 500 snapping its five-day losing streak. The S&P 500 gained 0.4%, while the Dow Jones was up by 130 points, which is around 0.4% as well. The S&P 500's losing...

S&P 500 Has its Worst First Half in 50 Years

As the U.S. stock market continues its trend of underperforming, the S&P 500 just reached numbers not seen in the last 50 years. After the June trading wrapped up, S&P 500 recorded a decline of around 20 percent so far in 2022. This marks...