Wall St ends higher, extending rally ahead of Jackson Hole
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/23/2026
- S&P, Nasdaq drop on tech selloff as concerns about hawkish Fed, AI spending mount
- Chip stocks plunge, but bargain-hunters stem losses in other tech names
- Oil prices steady as investors focus on Hormuz flows after peace talks
- South Korea leveraged ETF crisis sparks global chip selloff
- Trump announces nuclear deal with Iran, lifts Hormuz blockade
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
- 'Equal and opposite': BTIG's Krinsky sees sharp reversal ahead for chip stocks
Citi sticks to 5600 year-end S&P 500 target as earnings wind down
August 19, 2024 7:43 AM EDTCiti analysts have reaffirmed their bullish outlook for the S&P 500, maintaining a year-end target of 5600 despite some moderation in growth expectations for the second half of the year.
This optimism follows a better-than-expected earnings season in Q2, where S&P 500 earnings grew by 10.5% year-over-year, surpassing the anticipated 8.1% growth.
According to Citi, the "Mag 7" group of tech giants, which includes companies like Apple and Microsoft, played a significant role... More
