Evercore ISI sees S&P 500 at 6,600 by mid-2025
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An American flag hangs on the facade of the New York Stock Exchange on the 2024 U.S. Presidential Election Day in Manhattan in New York City, U.S., November 5, 2024. REUTERS/Stephani Spindel
NEW YORK (Reuters) - Evercore ISI on Wednesday forecast the S&P 500 will rise to 6,600 by mid-2025, saying a "decisive and uncontested" win by Donald Trump as U.S. president and a potential Republican sweep "was nobody's base case."
The S&P 500 rallied to a record closing high of 5,929.04 on Wednesday, a day after the U.S. presidential election. Evercore also cited prospects for deregulation as supportive for stocks.
(Reporting by Caroline Valetkevitch; Editing by Leslie Adler)
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