Citigroup raises S&P target to 6,300 due to improved economic outlook and higher GDP

From Yahoo Finance: 2025-06-09 09:43:00

Stocks have rebounded since April lows, with the S&P 500 closing above 6,000. Citigroup analysts are bullish, raising their S&P 500 target to 6,300. They cite improved economic outlook, higher GDP growth expectations, and increased buybacks. The U.S. and China will hold trade talks in London, with China’s May exports to the U.S. declining significantly. Apple’s World Wide Developers Conference begins, while Tesla shares drop and Qualcomm acquires Alphawave IP. Robinhood Markets shares fall after not being included in the S&P 500. Stocks have rebounded since April lows, with Citigroup analysts optimistic. China saw consumer prices fall 0.1% in May, marking four months of deflation. The Federal Reserve is in a blackout period ahead of a policy meeting on June 17. Market correlation is high, suggesting market complacency, per Mott Capital Management.

The most active stock tickers on MarketWatch include TSLA, NVDA, GME, PLTR, AAPL, AMZN, TSM, RKLB, AMD, and MLGO. A cow’s failed escape from a livestock auction went viral. Minneapolis sharpened a 20-foot-tall pencil. Scientists created the world’s smallest violin. Stay updated with market news and actionable trade ideas.

Read more: Third time lucky? Citi changes its S&P target once more after index hits 6,000.