Ed Yardeni, a prominent Wall Street strategist, has reduced his year-end S&P 500 target from 8,400 to 7,900, citing higher bond yields rather than worsening corporate earnings. He moved the original 8,400 target to mid-next year, indicating a timing adjustment rather than a bearish outlook. Yardeni explains that rising long-term Treasury yields around 5% reduce valuation multiples, meaning investors pay less for each dollar of earnings despite strong profit growth. The key factor influencing the market will be whether bond yields settle within Yardeni's 4-5% range; if yields remain above 5%, earnings growth alone must support market gains, potentially weighing on valuations.
The strategist Ed Yardeni's revised S&P 500 target offers context for US equity market conditions. For readers following US stocks, here is Pluang's market snapshot as of Sep 17, 2026 22:21 WIB: out of 150 priced US stocks tradable on Pluang, 102 rose and 46 fell today. Notable movers include AMD at USD 543.66 with a 1-day change of +6.08%, BlackBerry Limited at USD 8.09 up 5.89%, and Micron Technology at USD 980.79 rising 5.85%.
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Eric Appelman, Chief Revenue Officer of Aduro Clean Technologies, has been elected to the board of Chemical Recycling Europe for 2026-2028. This appointment comes as the EU tightens regulations on circular plastics and Aduro advances its Hydrochemoly...
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Cloud capital (Suzhou, Anhui) is transforming Suzhou from an agricultural city into a key digital economy hub by expanding its intelligent computing center cluster and industrial internet platform. By the end of 2026, Suzhou's computing power capacit...
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