
Wall Street lifts S&P 500 targets as rally broadens cautiously

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HSBC and Yardeni Research have raised their S&P 500 year-end targets, driven by strong earnings and growth from AI. Market sentiment is shifting, with nearly half of traders predicting the index could reach 8,000 this year, despite ongoing economic uncertainties. However, analysts warn that the rally's reliance on a few AI megacaps could expose it to significant reversals.

