S 500 Soars as Trump Pauses Tariffs on Trading Partners
Written by Emily J. Thompson, Senior Investment Analyst
Source: Yahoo Finance
Market Surge: The S&P 500 experienced its largest one-day gain since October 2008, rising 9.5% after President Trump announced a 90-day delay on tariffs for most trading partners, providing a boost to investor sentiment following a steep selloff.
Ongoing Trade Tensions: Despite the positive market reaction, Trump's decision to raise tariffs on China remains in effect, indicating that the trade war is not over and investors should remain cautious about potential economic impacts.
Analyst Views on QQQ
Wall Street analysts forecast QQQ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for QQQ is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 620.760
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Current: 620.760
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
