Wells Fargo lowers S&P 500 target to 7,700, warns of 10% pullback
Wells Fargo has revised its S&P 500 target downward to 7,700 and issued a warning regarding a potential 10% market correction. The firm advises investors to re-evaluate their equity allocations in light of rising Treasury yields and anticipated market volatility.
Summaries are written by AI from the original article. Not investment advice.