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S&P 500 Projected to Hit 7,100 Amid Mixed Market

11/14/2025

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Summary

Story summary

The S&P 500 is projected to reach 7,100 by year-end, per Wells Fargo chief equity strategist Ohsung Kwon.
Kwon notes the outlook rests on strong seasonal trends, tariff reversals, and larger tax refunds from new deductions.
US equities show mixed results as the shutdown nears end, while the Dow Jones hits a record high.
Investors remain cautious about tech valuations ahead of Nvidia's earnings report, while reopening could clarify data.

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Story summary

The S&P 500 is projected to reach 7,100 by year-end, per Wells Fargo chief equity strategist Ohsung Kwon.
Kwon notes the outlook rests on strong seasonal trends, tariff reversals, and larger tax refunds from new deductions.
US equities show mixed results as the shutdown nears end, while the Dow Jones hits a record high.
Investors remain cautious about tech valuations ahead of Nvidia's earnings report, while reopening could clarify data.