Wall Street Pit
Stay updated with the latest news and insights from Wall Street Pit. We cover a wide range of topics including the stock market, economic trends, political developments, advancements in technology, health updates, and global news.
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Articles
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4 days ago |
wallstreetpit.com | Ron Haruni
BMO Capital Markets’ Brian Belski raised his S&P 500 (SPX) year-end target to 6,700 from 6,100, forecasting a 10% rally from current levels near an all-time high. Tariff fears have eased with the U.S. tariff rate dropping from over 25% to 14%, per the Yale Budget Lab, prompting eight of 11 Wall Street firms to lift their 2025 S&P 500 targets after April’s sell-off.
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5 days ago |
wallstreetpit.com | Ron Haruni
U.S. strikes on Iran’s nuclear facilities escalated Middle East tensions, with stock futures declining as Dow Jones Industrial Average futures fell 100 points (0.24%) to 42,415.00, S&P 500 futures dropped 10 points (0.16%) to 6,008.50, and Nasdaq-100 futures slipped 43 points (0.20%) to 21,804.50.
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1 week ago |
wallstreetpit.com | Ron Haruni
A $6.5 trillion notional value of U.S.-listed options, including $4.2 trillion in index options, $708 billion in ETF bets, and $819 billion in single stock options, will expire on Friday during a “triple witching” event, potentially increasing stock market volatility next week.
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1 week ago |
wallstreetpit.com | Ron Haruni
U.S. stock futures showed mixed performance, with S&P 500 futures up 6 points to 5,990.50 and Nasdaq 100 futures rising 37 points to 21,781.75, while Dow futures remained nearly flat at 42,231.00, amid heightened geopolitical tensions and anticipation of the Federal Reserve’s interest-rate decision.
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1 week ago |
wallstreetpit.com | Yoel Beinart
Cisco Systems, Inc. (CSCO) shares rose 2.09% to $65.41 in midday trading after Deutsche Bank (DB) upgraded the stock to ‘Buy’ from ‘Hold,’ setting a new price target of $73, up from $65. The upgrade reflects Cisco’s potential for mid-single-digit growth, driven by AI tailwinds, a refreshed Campus portfolio, favorable Networking dynamics, and expanded scale in Security. Cisco Systems, Inc.
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