- Reuters
Goldman Sachs raises S&P 500 year-end target to 5,600
Microsoft, Nvidia, Google, Amazon.com, and Meta Platforms have collectively surged by 45% and now comprise 25% of the S&P 500 equity cap, the brokerage said in a note after markets closed on Friday. The upgraded target reflects an upside of about 3.1% to the index's last close of 5,431.60. The brokerage expects roughly unchanged real yields by the year-end and strong earnings growth to support a 15x P/E for the equal-weight S&P 500 Index.
- Reuters
Economists remain split on timing of BOJ's next rate hike: Reuters poll
Economists remain split over the timing of the Bank of Japan's next interest rate hike, according to a new Reuters poll, after the central bank's decision to announce a quantitative tightening plan next month. The BOJ said on Friday it would start trimming its bond purchases and announce a detailed plan on reducing its nearly $5 trillion balance sheet in July. Of the 29 economists polled by Reuters on Monday, 31% said they expected the BOJ to raise interest rates at its next policy meeting on July 30-31.
- Business Insider
More parents are taking on debt to pay for Disney vacations as prices soar
Disney's expensive prices have been a hot topic among park fans. They even caused Disney CEO Bob Iger to raise his eyebrows in disbelief.
