Bond.az White LogoBond.az Black Logo

UBS Raises S&P 500 Target to 7,900

UBS Global Wealth Management raises S&P 500 target to 7,900 as consumer spending and AI demand boost outlook.

Benjamin Moore
ByBenjamin Moore- Senior Editor
|
0

UBS Global Wealth Management raised its 2026 year-end target for the S&P 500 to 7,900 from 7,500. Consumer spending and AI demand drove the upgrade.

In a note dated May 21, the brokerage highlighted resilient spending and demand for data center infrastructure as key drivers. Despite Middle East uncertainties, U.S. stocks hit new highs on strong Q1 earnings and AI momentum.

More News
Today / 08:12
|
740

CVC shares rise 3.3% on Recordati tender offer

CVC shares surged 3.3% after launching a €10.7 billion tender offer for Recordati. RBC analysts explain the deal rationale.

0
Today / 07:43
|
509

UK stocks rise; Softcat lifts profit outlook on AI demand

Bond.az covers UK market: FTSE 100 rises, Softcat raises profit outlook on AI demand amid mixed economic data.

0
Today / 07:40
|
926

Puig shares drop 13% as merger talks end

Puig shares plummet 13% after Estee Lauder merger talks collapse. Charlotte Tilbury's renegotiation demands cited.

0
Today / 07:34
|
624

European Stocks Rise on Iran Talks Hopes

European stocks rose as investors hope for progress in Iran talks. Stoxx 600, DAX, CAC 40, FTSE 100 gain. Strait of Hormuz remains closed.

0
Today / 07:32
|
774

Hyundai recalls 421,000 US vehicles

Hyundai recalls 421,078 US vehicles due to brake software issue. Read more on Bond.az.

0
Today / 06:41
|
881

Paul McCartney joins Colbert's farewell

Stephen Colbert bids farewell to Late Show with Paul McCartney - exclusive on Bond.az.

0
Today / 06:02
|
516

China AI giants Zhipu, Minimax surge on index hopes

China AI giants Zhipu and Minimax stocks surge on potential Hang Seng index inclusion, with shares jumping over 20%.

0
Today / 05:53
|
393

DeepSeek prioritizes AGI over commerce

DeepSeek prioritizes artificial general intelligence over commercialization in funding talks. The $45B startup seeks $10B from investors.

0
Today / 05:51
|
783

FedEx-led $9 billion buyout offer runs May 26 to July 27

InPost announces FedEx-led $9 billion buyout offer opens May 26 and closes July 27. Regulatory approvals obtained in multiple jurisdictions.

0
Today / 05:31
|
368

PCG Power Eyes Hong Kong IPO Filing

PCG Power plans Hong Kong IPO with $2.5-3B valuation, filing possible in August. Clean energy firm to expand solar, storage, and overseas markets.

0
Today / 05:30
|
732

ECB-bank rift hampers Europe's payments push

ECB's digital euro plans face opposition from banks, risking Europe's payment sovereignty goals.

0
Today / 05:22
|
444

Europe AI stocks shine amid Iran war gloom

European AI stocks are shining through the gloom of the Iran war, with AI-related shares driving positive performance despite economic slowdown.

0
...