Wells Fargo Maintains JPMorgan(JPM.US) With Buy Rating, Maintains Target Price $270

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jpmorgan's trading team expects the s&p 500 index to approach 6300 points by the end of the year.

According to traders at JPMorgan, the S&P 500 index still has further room to climb before the end of the year, even after the strongest wave of gains since the early days of the internet bubble. The derivatives analyst at the bank said that the most popular options trading bets are on the US stock benchmark reaching 6200 to 6300 points this month. Based on the closing level of around 6032 points last Friday, this means it could rise another 3%-4% by year-end. "A positive macro environment, earnings growth, and the continued support from the Federal Reserve are the factors that keep us tactically bullish until the end of the year," said Andrew from global market research.

Global Market Report15:49 ET