U.S. stock market closing: all three major indexes rose collectively, with the Chinese concept stock index up nearly 1%.
1. China concept stocks varied, nasdaq china golden dragon index rose by 0.93%; 2. Airbus plans to cut 2,500 jobs in defense and aerospace departments; 3. General Motors invests $0.625 billion in a top lithium project in the USA; 4. E-mini russell 2000 index has reached its highest level in nearly three years.
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Goldman Sachs remains bullish on US stocks: overall environment favorable for risk assets by the end of the year!
①Goldman Sachs analyst said that due to the risk preference sentiment supported by the economy, investors should favor stocks over bonds; ②The analyst stated that as long as the economy avoids recession, Fed rate cuts often support risks.
Bull market in US stocks is not over! UBS Group is bullish: s&p 500 is expected to rise to 6400 points by the end of next year.
①Ubs Group's global research raised the year-end target price of the s&p 500 index from the previous estimate of 5600 points to 5850 points on Tuesday, citing corporate profit growth, favorable macroeconomic conditions, and rate cuts by the Federal Reserve; ②Ubs Group also raised the target price of the s&p 500 index at the end of 2025 from the previous estimate of 6000 points to 6400 points.
