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U.S. stocks have recently been hit by adjustment pressure rarely seen this year, but Wall Street remains optimistic about the US stock market in the fourth quarter.
According to data compiled by MarketWatch, Wall Street investment banks have revised their predictions for the S&P 500 Index for the end of 2023 during the past two months.
Oppenheimer Asset Management, a veteran American asset management company, raised the year-end target price for the S&P 500 to 4,900 points,13% more than current levelsIt suggested an annual increase of 28% compared to the level at the beginning of the year.This is above the record high of the S&P 500 recorded in January 2022, making it the most optimistic forecast among Wall Street strategists.
Furthermore, Bank of America, which has become optimistic about the stock market, recently advised investors that “there is no need to worry.” On Wednesday, the bank raised the year-end target price for the S&P 500 by about 6% from the current 4,300 points to 4,600 points,The index said there is a possibility that it will rise to 4,700 points。...
U.S. stocks have recently been hit by adjustment pressure rarely seen this year, but Wall Street remains optimistic about the US stock market in the fourth quarter.
According to data compiled by MarketWatch, Wall Street investment banks have revised their predictions for the S&P 500 Index for the end of 2023 during the past two months.
Oppenheimer Asset Management, a veteran American asset management company, raised the year-end target price for the S&P 500 to 4,900 points,13% more than current levelsIt suggested an annual increase of 28% compared to the level at the beginning of the year.This is above the record high of the S&P 500 recorded in January 2022, making it the most optimistic forecast among Wall Street strategists.
Furthermore, Bank of America, which has become optimistic about the stock market, recently advised investors that “there is no need to worry.” On Wednesday, the bank raised the year-end target price for the S&P 500 by about 6% from the current 4,300 points to 4,600 points,The index said there is a possibility that it will rise to 4,700 points。...
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Good morning to all Moomoo users!Here's an overview of this morning's close up. Thank you in advance.
Market Overview
The Nikkei Stock Average began at 30886.01 yen, 1.87 yen lower than the previous business day in the Tokyo stock market today, and the TSE stock price index (TOPIX) rose 0.14 points at 2130.77.
Top news
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Ordinary profit increased 4.3% January-March corporate enterprise statistics, positive for the first time in 2 periods
According to corporate enterprise statistics for the fiscal year ending January to March announced by the Ministry of Finance on the 1st, ordinary profit for all industries (excluding finance and insurance) was 23.823 billion yen, up 4.3% from the same period last year. It was positive for the first time in 2 periods. Of economic and social activities since the novel coronavirus disaster...
Market Overview
The Nikkei Stock Average began at 30886.01 yen, 1.87 yen lower than the previous business day in the Tokyo stock market today, and the TSE stock price index (TOPIX) rose 0.14 points at 2130.77.
Top news
Five Japanese car companies are “late” and US agency evaluations “domestic market is immature”
Five Japanese car companies, such as Toyota Motor Corporation and Honda, were positioned as the least “late” in the evaluation of the electric vehicle (EV) shift of 20 major automobile companies in the world. It was clarified in a report published on the 31st by the US research institute “International Clean Transportation Commission (ICCT)”. Evaluations were low due to the EV market position and strategic vision for decarbonization.
Ordinary profit increased 4.3% January-March corporate enterprise statistics, positive for the first time in 2 periods
According to corporate enterprise statistics for the fiscal year ending January to March announced by the Ministry of Finance on the 1st, ordinary profit for all industries (excluding finance and insurance) was 23.823 billion yen, up 4.3% from the same period last year. It was positive for the first time in 2 periods. Of economic and social activities since the novel coronavirus disaster...
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