Apr 29, 2025 5:14 AM IST
US Stock Market Live: What Next For Wall Street?
Morgan Stanley’s Michael Wilson says the weak dollar will support US corporate earnings, helping the American stock market to outperform the rest of the world.
Yet Wilson expects the S&P 500 to remain in the 5,000 to 5,500 range. A more substantial increase would require a tariff deal with China, clear rebound in earnings estimates and the possibility of easier monetary policy, he wrote.
JPMorgan Chase & Co.’s trading desk is turning tactically bullish on US equities, predicting that tailwinds including big-tech earnings and trade deal announcements will continue to lift stocks after the recent rout.
Still, the bank was quick to emphasize in a note to clients Monday that the rally’s momentum could fade within weeks, with the negative impacts of US tariffs poised to begin dragging on the economy in the months ahead.
