UBS raises S&P 500 year-end forecast because of giant profit comeback

A Wall Street sign is pictured outside the New York Stock Exchange amid the coronavirus disease (COVID-19) pandemic in the Manhattan borough of New York, April 16, 2021.
Carlo Allegri | Reuters

The second-quarter earnings season is off to a strong start, and UBS thinks the rising corporate profits should keep pushing the stock market higher for at least the next year.

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