Wall Street: Rendite von US-Anleihen bei über fünf Prozent – S&P-Jahresendziel gesenkt
Die Rendite zehnjähriger US-Staatsanleihen erreicht den höchsten Stand seit 2007. Anleger blicken auf die morgige Zinsentscheidung der Fed – und die Sorgen um ein Abflauen des KI-Wachstums bleiben bestehen.
Wall Street faces slight pressure as US ten-year bond yields climb above five percent and Brent oil remains at $108 per barrel. US stock markets open weaker than usual but above overnight lows. Most expect a Federal Reserve rate hike before the day ends. The focus for Wall Street will be new interest rate forecasts and the Fed's press conference, which could signal a short-term or prolonged period of rate hikes.
Wells Fargo strategists are becoming more cautious, lowering their S&P 500 end-of-year target from 7,950 to 7,700 points and seeing a potential five to ten percent correction initially. High valuations, dwindling liquidity, and over-invested investors are cited as problems. Despite this, earnings estimates continue to rise. Wells Fargo also adjusts its outlook for several asset sectors, downgrading tech stocks to 'neutral' and boosting healthcare stocks to 'overweight'.
Semiconductor stocks are expected to fall back to July lows. Wells Fargo Chief Hock Tan remains optimistic about the AI sector, noting strong demand and no signs of weakening. This optimism comes after Anthropic CEO Dario Amodei called for a slower pace in AI development. The investor concern is reduced investment in chips and data centers.
Despite this, companies continue to deliver, but high returns do not automatically make their stocks more attractive. The tension persists: companies provide innovation, yet high returns do not guarantee investment appeal.
Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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