Wells Fargo Expects S&P 500 To End 2023 In $4,000-$4,200 Range
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo predicts the S&P 500 will end 2023 in the $4,000-$4,200 range, indicating a potential decline from current levels.
June 15, 2023 | 1:23 pm
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NEGATIVE IMPACT
Wells Fargo's prediction of the S&P 500 ending 2023 in the $4,000-$4,200 range suggests a potential decline for the SPY ETF.
Wells Fargo's forecast directly pertains to the S&P 500, which the SPY ETF tracks. A decline in the S&P 500 would likely result in a corresponding decline in the SPY ETF.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Wells Fargo's prediction for the S&P 500 may impact investor sentiment towards the bank's stock.
While the prediction is not directly related to Wells Fargo's performance, it may influence investor sentiment towards the bank's stock, as it reflects the bank's outlook on the broader market.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50