S&P 500 Forecast: Potential Rise to 4,400 Driven by Resilient Economy and Tech Giants.

Stifel Equity Research has raised its price target for the S&P 500 from 4,200 to 4,400, citing "economic resilience" and a potential rebound in the ISM PMI Manufacturing Index. The firm points to historic data that shows stocks have risen in the year after inflation peaks, providing a solid setup for cyclical growth names in various sectors. However, Evercore ISI Macro research analyst Julian Emmanuel warns that the S&P 500 has been largely range-bound over the past seven months and sees downside risk in the near-term due to the debt ceiling crisis and lack of a solution in Washington.