According to Jin10 data reports, Wall Street stock market strategists have generally lowered their expectations for 2025, but Christopher Harvey of Wells Fargo Securities predicts that the S&P 500 index will reach 7007 points by the end of this year, consistent with the forecast for early 2025.
The index has risen more than 10% over the previous nine trading days, marking the longest upward streak in over twenty years. Harvey expects the benchmark index of the U.S. stock market to rise another 24% in the next eight months.
The impact of Trump's trade war, tax cut promises, and the possibility of Federal Reserve rate cuts on the market, but Harvey noted a change in the White House's tone, believing that market uncertainty has peaked.
