News Formal

Stock market news today: Investors hope to extend gains into 2nd half

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 51%

Ireland News News

US stocks trade mixed ahead of Independence Day as investors hope to extend gains into 2nd half of 2023

was up almost 39%. Investors are hoping to extend those gains into the second half of the year, looking to avoid too much turbulence in the face of recession forecasts and the prospect of more tightening by the Federal Reserve.

For the gains to continue, The Fed will have to see more progress on the inflation front, and the hype around artificial intelligence will need to materialize into something significant, according to Fundstrat's Tom Lee, who raised his year-end S&P 500 price target to 4,825 on Monday.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock Market Today: Indexes score minor gains in holiday-shortened sessionMarketWatch Live: Stocks lock in modest gains for holiday-abbreviated session
Source: MarketWatch - 🏆 3. / 97 Read more »