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Wall Street Banks Raise S&P 500 Targets Amid AI Boom and Rate Cut Expectations
Wall Street Banks Raise S&P 500 Targets Amid AI Boom and Rate Cut Expectations
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BTCCSquare news:
Deutsche Bank and Barclays have lifted their S&P 500 targets, citing strong earnings, anticipated Federal Reserve rate cuts, and sustained momentum in artificial intelligence. Deutsche Bank now projects the index to reach 7,000 by year-end, a 7% upside from Wednesday's record close, while Barclays set a 2026 target of 7,000.
Oracle's bullish guidance and resilient corporate performance under tariff pressures contributed to the optimistic outlook. Market euphoria around AI continues to drive equities higher, with analysts noting companies' ability to manage trade policy impacts.
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