Industry12h ago
Industry
RBC Raises S&P 500 Target To 7,900
RBC Capital Markets hiked its year-end S&P 500 target to 7,900 from 7,750. The firm cites resilient earnings growth and sustained strength in AI-linked sectors. This adjustment reflects an optimistic outlook on the financial returns of machine learning deployments. Investors now see a higher ceiling for equity markets driven by technology spending.