S&P 500 Rallies on Rate-Cut Hopes
The S&P 500 rebounded sharply on Friday, gaining nearly 1.5% after Federal Reserve Chair Jerome Powell signaled that interest rate cuts could begin as early as September. The move sparked optimism on Wall Street following several sessions of weakness.
UBS Upgrades S&P 500 Forecast
Adding to the bullish sentiment, UBS raised its year-end forecast for the S&P 500 from 6,200 to 6,600, citing resilient corporate earnings and expectations of lower borrowing costs. Analysts noted that easing financial conditions could keep equity markets supported into the final quarter of the year.
Market Optimism Meets Caution
Despite the strong rally, strategists warned that risks remain. Elevated valuations, thin trading volumes, and heavy retail activity in options markets could leave equities vulnerable to sharp pullbacks if investor sentiment shifts.
Key Takeaways
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S&P 500 jumps on Fed’s rate-cut signals.
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UBS raises year-end forecast to 6,600.
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Analysts caution about potential volatility.
Risk Disclaimer
This news report is for informational purposes only. Market performance is subject to risks, and investors should seek professional financial advice before making decisions.
