LIVE MARKETS-Large banks, tech guidance mostly positive this season

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LARGE BANKS, TECH GUIDANCE MOSTLY POSITIVE THIS SEASON

Outlooks have been mixed as S&P 500 .SPX companies have tried to assess the impact of the Trump administration's trade policies on the economy and earnings, Chris Haverland, global equity strategist, writes in a Wells Fargo Investment Institute (WFII) note on Monday.

But he says large banks have reaffirmed guidance, and tech giants reaffirmed artificial-intelligence capital expenditure guidance, while both groups also generally beat analyst expectations in their recent quarterly reports.

WFII recently lowered its 2025 S&P 500 earnings target to $260, which implies a 5% growth rate.

Still, Haverland writes, the firm favors U.S. over international equities, and says "among the U.S. markets, we favor U.S. Large and Mid Cap Equities over low-quality U.S. Small Cap Equities."

(Caroline Valetkevitch)

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