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Driven by artificial intelligence, JPMorgan raises the S&P 500 index target to 7,600 points
ME News Update, April 21 (UTC+8), JPMorgan Chase & Co. strategists said enthusiasm for artificial intelligence technology is once again on the rise, which they believe will drive the U.S. stock market to reach levels higher than expected this year. The firm has raised its annual target for the S&P 500 index to 7,600 points, up from 7,200 points last month. On Monday, the S&P 500 closed at 7,109 points, implying there is still about a 7% upside. The strategists’ optimistic forecast is based on a more favorable outlook for the technology and artificial intelligence sectors. (Source: ChainCatcher)