DeepSeek will barely dent 'magnificent seven' stocks, shows survey

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DeepSeek will barely dent 'magnificent seven' stocks, shows survey - Business Standard

Quick Summary:

The benchmark index rose 0.5 per cent on Thursday, paring earlier gains after Trump said he would follow through on threats to impose 25 per cent tariffs on Canada and Mexico on Feb.1.

Survey-takers remain optimistic on the S&P 500, with their median estimate for the benchmark to climb toward 6,500 by year-end — that would represent a 7.1 per cent gain from Thursday’s close.

It is edging out its counterpart — the Vanguard S&P 500 Growth Index Fund ETF — by less than a percentage point in January following four straight months of underperformance, according to data compiled by Bloomberg.