Wells Fargo Investment Research raised expectations for the S&P 500 index for reasons including changes in economic prospects and profit trends. The agency currently expects the benchmark index to close between 6,600 and 6,800 points this year, higher than the previous estimate of 6,300 to 6,500 points. Based on the median of the two ranges, the increase was more than 4%.

Wells Fargo Investment Research raised expectations for the S&P 500 index for reasons including changes in economic prospects and profit trends. The agency currently expects the benchmark index to close between 6,600 and 6,800 points this year, higher than the previous estimate of 6,300 to 6,500 points. Based on the median of the two ranges, the increase was more than 4%.