UBS Elevates S&P 500 Forecast to Record High

UBS Global Research has raised its year-end target for the S&P 500 index to 5,600, up from 5,400. This new forecast marks the highest among major brokerages, indicating a 5.6% upside from the index's last close of 5,304.72.

UBS Global Research on Tuesday raised its year-end target for the benchmark S&P 500 index to 5,600 from an earlier projection of 5,400, marking the highest forecast among major brokerages.

The upgraded target reflects an upside of about 5.6% to the index's last close of 5,304.72.