HSBC lifts S&P 500 year-end target on strong tech earnings

ReutersSep 3, 2025 11:49 AM

Sept 3 (Reuters) - HSBC raised its year-end S&P 500 forecast to 6,500 from 6,400, citing stronger-than-expected Q2 earnings and resilient macro conditions, with tech and financials driving momentum.

Brokerage added that tariff impacts have been modest so far, while AI-driven capex by major tech firms continues to support market strength.

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