WENS FOODSTUFF 1Q NET LOSS 1.07B YUAN WENS FOODSTUFF FY EPS 78.44 RMB CENTS WENS FOODSTUFF FY NET INCOME 5.27B YUAN, EST. 6.13B YUAN

Strategists at JPMorgan Chase & Co. led by Dubravko Lakos-Bujas raised their year-end target for the S&P 500 to 7,600 from 7,200, implying about 7% upside from Monday’s 7,109 close. The upgrade reflects a stronger outlook for technology and AI, with early Q1 earnings exceeding expectations and helping offset geopolitical risks. Optimism has also been fueled by Anthropic PBC’s new Mythos model, with 66% of AI-linked stocks outperforming since its release. The team said a swift resolution of Middle East tensions could push the index toward 8,000, though near-term volatility remains possible.

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