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Story summary
- US markets posted first half since 2021, with Nasdaq 100 up nearly 20% and S&P 500 up 9% YTD.
- Bloomberg’s analyst survey set a year-end S&P 500 target of 7,716, implying a 3% upside from June 30, while Barclays said semiconductor stocks supplied about 87% of the index’s gains.
- BlackRock and Invesco noted AI trade is expanding into semiconductors, while Magnificent Seven fell 2% and they favor euro-area bonds for income.
