HSBC: Raises S & P 500 Index End-of-Year Target to 6,500
2025-09-04 05:27:31
HSBC released a report saying that after the beginning of August, it raised the target of the S & P 500 index by the end of the year again, from 6,400 points to 6,500 points, less than twice a month. The main reason is that the second quarter corporate earnings are better than expected. HSBC said that the performance of enterprises in the second quarter is strong, especially in technology and financial stocks. Companies have shown that the impact of tariffs is mild. In addition, HSBC expects the Federal Reserve to cut interest rates in September. It is expected to cut interest rates by 0.75% by 2026, and the market generally expects a reduction of more than 1.25%. HSBC also raised its forecast for earnings per share growth this year, from 9% to 12%. The market average is expected to rise by 11%. In response to the increase in the forecast for earnings per share growth, the target for the end of the index is raised. The most cattle still maintain 7,000 points, and the most bear is 5700 points. (Golden Ten)
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