Oppenheimer raises S&P 500 year-end forecast to the highest on Street, sees 7% gain

The Wall St. sign is seen near the New York Stock Exchange (NYSE) in New York City, May 4, 2021.
Brendan McDermid | Reuters

Investor demand, economic growth and continued friendly Federal Reserve policies should push the stock market ever higher to the end of this year, even in the face of spreading Covid variants, according to Oppenheimer Asset Management.