Oppenheimer has raised its year-end forecast for the S&P 500 to 7,100, up from the 5,950 target set in April. The firm continues to project 2025 earnings of $275 per share, implying a forward price-to-earnings ratio of 25.8. The upgrade reflects easing market uncertainty following new trade agreements with Japan and the European Union, alongside a strong earnings season — with 84% of companies exceeding expectations this quarter. Additional support comes from the U.S. economy’s ongoing resilience and the Federal Reserve’s success in bringing inflation down from 9% to 2.7% without triggering a recession.---Oppenheimer is a U.S.-based independent investment bank and full-service financial firm.Weekly SPX: This article was written by Eamonn Sheridan at investinglive.com.