Barclays raises target, estimates 11% gain for S&P 500 by end-2026

The stock market closed positively today, with the S&P 500 rising by 0.4%, supported by gains from Block and GE Vernova. The Nasdaq Composite increased by 0.6%, buoyed by strong earnings from Nvidia. Despite mixed intraday trading, the overall sentiment was optimistic as the Dow Jones also showed positive movement.

The S&P 500 index ended its four-day losing streak, showing a positive shift in the U.S. market as investors awaited Nvidia's earnings report. This recovery comes after a period of declines attributed to concerns over Nvidia's performance and broader market volatility. The closing bell coverage was provided by Bloomberg Television and Radio.

The stock market is retreating as concerns rise regarding the Federal Reserve's dual mandate, the overvaluation of the S&P 500, and an exaggerated AI hype. Recent data indicates a slowdown in the jobs market, which could further impact investor sentiment and expectations.

On November 19, 2025, the stock market showed signs of recovery as the S&P 500 and Dow Jones Industrial Average ended a four-day losing streak. This positive shift was largely influenced by Nvidia's earnings report, which exceeded expectations and raised revenue forecasts. Investors had been closely monitoring Nvidia's performance due to its significant role in the tech sector and the broader market's volatility.

Julian Emanuel, chief equity and quantitative strategist at Evercore ISI, expressed concerns regarding market debt issuance as the S&P 500 index has dropped over 3% this month. This decline follows pressure on major technology companies that significantly contributed to the market's gains in 2025.

"The Pulse With Francine Lacqua" features discussions with prominent guests in global business, economics, finance, and politics. Based in London, the show provides exclusive interviews and market insights. Today's guests include Mohamed Kande, PwC Global Chairman; Jack Selby, AZ-VC Managing Partner; Brad Rogoff from Barclays; and Helene Budliger Artieda, Director of the Switzerland State Secretariat for Economic Affairs.

Bob Diamond, CEO of Atlas Merchant Capital and former chief of Barclays, commented on the state of risk assets during the New Economy Forum 2025 held in Singapore. He described the current market conditions as a 'healthy correction,' indicating a potential adjustment phase in the financial markets. This statement comes amid ongoing discussions about the volatility and performance of various risk assets in the global economy.

The S&P 500 index closed down for the fourth consecutive day, reflecting ongoing concerns about market valuations. Home Depot's stock also experienced a decline, contributing to the negative sentiment in the market. Investors are increasingly worried about the implications of rising inflation and potential interest rate adjustments by the Federal Reserve, which are affecting overall market confidence.