HSBC raises S&P 500 year-end target to 6,500
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最新报道：According to a report from Bijie.com, HSBC raised its year-end target for the S&P 500 from 6,400 to 6,500, the second increase in less than a month, following its initial August target increase. The increase is primarily driven by stronger-than-expected second-quarter corporate earnings. HSBC cited strong second-quarter earnings momentum, particularly in technology and financial stocks, as companies indicated the impact of tariffs would be modest. Furthermore, HSBC expects the Federal Reserve to cut interest rates in September, with a total of 0.75 percentage points expected through 2026, compared to the consensus estimate of over 1.25 percentage points. HSBC also raised its S&P 500 earnings per share growth forecast for this year from 9% to 12%, surpassing the market average of 11%. In response to the higher EPS forecast, the S&P 500's year-end target has been raised, with the bullish outlook remaining at 7,000 points and the bearish outlook at 5,700 points.
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