5 hours ago
iCapital’s Anastasia Amoroso expects the S&P 500 to end this year at 5,500.
Anastasia Amoroso, chief investment strategist at iCapital, thinks there’s a good chance the S&P 500 index will rise to 5,500 by the end of the year.
On Wednesday afternoon, the broader market index closed at 5,071.63. This goal represents an 8% increase in his benchmark.
“I think investors have a very attractive new entry point here,” he said on CNBC’s “Closing Bell” Wednesday afternoon. Amoroso emphasized that semiconductor stocks in particular have the potential to outperform going forward.
The strategist cited a recovery in global manufacturing momentum, as well as strong corporate profits and consumer spending, as catalysts behind the stock market’s strong performance.
— Lisa Kailai Han
6 hours ago
Stocks making the biggest moves after the bell: Meta, IBM, and more
The stocks with the biggest price movements during extended trading hours are:
— Lisa Kailai Han
6 hours ago
