Wells Fargo Abruptly Cuts S&P 500 Year-End Target, Warns One Headwind Building ‘Exponentially’ Each Day: Report

Economists at the US banking giant Wells Fargo are reportedly cutting their S&P 500 outlook this year due to the impacts of the ongoing Iran conflict. Wells Fargo is now forecasting the S&P 500 will close out the year at 7,300, down from its previous prediction of 7,800, which would represent a less