Savita Subramanian del Bank of America, uno de los mayores a | CrypticNews Hub en Binance Square

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Savita Subramanian del Bank of America, uno de los mayores alcistas de Wall Street, cree que el S&P 500 ($SPX) terminará el año en 5400, lo que está por debajo de su precio actual.

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U.S. stocks mostly closed higher in a shortened Wednesday session after economic data boosted investor confidence that the Federal Reserve will begin a rate-cutting cycle this quarter. The S&P 500 rose 0.5% to a record close of 5,537, and the Nasdaq 100 gained 0.8% to a record close of 20,187, while the Dow fell by 40 points. The ISM PMI showed that services activity contracted the most in four years in June, sharply contrasting with growth expectations. Meanwhile, the ADP report indicated fewer private sector jobs were added, while continuing jobless claims rose to a two-year high. Tesla continued its surge, gaining over 24% since the beginning of the week amid improved deliveries. On the other hand, ADRs of Novo Nordisk and other biotech companies fell as the U.S. announced plans to lower prices for weight-loss drugs. Markets are now awaiting the FOMC minutes and political updates amid reports that President Biden may withdraw from the presidential race. Markets will be closed on July 4th.

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