(Reuters) -HSBC raised its year-end S&P 500 forecast to 6,500 from 6,400, citing stronger-than-expected Q2 earnings and resilient macro conditions, with tech and financials driving momentum.
Brokerage added that tariff impacts have been modest so far, while AI-driven capex by major tech firms continues to support market strength.
(Reporting by Rashika Singh in Bengaluru; Editing by Tasim Zahid)
HSBC lifts S&P 500 year-end target on strong tech earnings
Published 2 months ago
Sep 3, 2025 at 11:52 AM
Positive
Auto