2026-03-19 16:15:38
J.P. Morgan lowered its year-end target for the S&P 500 index to 7,200 points, warning that surging oil prices heighten recession risks
JPMorgan Chase has lowered its year-end target for the S&P 500 Index to 7200 points, as soaring oil prices increase recession risks. The bank warns that the market underestimates the economic impact of energy costs, believing that threats to consumer demand are more significant. The index could continue to decline in the near term, with 6000-6200 points potentially forming a support level. While the bank expects the economy to recover through investment and stimulus, geopolitical risks will limit the extent of recovery.