Strategists revising, raising 2023 targets for S&P 500

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Strategists revising, raising 2023 targets for S&P 500
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Market strategists, such as Societe Generale's Manish Kabra and Oppenheimer Asset Management's John Stoltzfus, have notably raised their year-end targets for the S&P 500 (^GSPC). Yahoo Finance's Seana Smith and Brad Smith discuss the market shifts tied to earnings season and AI investments leading to higher S&P 500 targets, reporting live from the Nasdaq MarketSite.

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Bank of Montreal is winding down its indirect retail auto finance business and shifting focus to other areas in a move that will result in an unspecified number of job losses, Canada's third-largest bank said. The bank, which announced the move on Saturday, has conducted this business in Canada and the United States. Under the indirect retail auto finance business, the bank works with car dealerships to arrange financing for buyers, who make monthly payments to the lender.

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