JP Morgan: US stocks to surge after Trump’s win

JP Morgan expects US indices to surge by the end of the year after Donald Trump wins the presidency.

The bank pointed out that weak economic growth in countries outside the United States, such as China, the United Kingdom, the European Union, Canada, and the

Technology stocks, known as the “Magnificent Seven”, are expected to continue supporting the market, while financial sector stocks remain the best performers in the S&P 500 index until the end of 2024, according to JP Morgan’s expectations, especially after the index achieved its best weekly performance in 12 months, driven by investor optimism about Trump’s presidency.

JP Morgan stated that tariffs will push the US dollar and bond yields higher, which will benefit the Middle East and North Africa region.