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BlackRock raised its outlook for U.S. stocks, reasoning that contained impacts from the Iran war and strong corporate earnings will create a favorable backdrop.
BlackRock upgraded U.S. stocks to overweight from neutral, citing contained Iran war impacts.
KEY POINTS
- The firm sees a high threshold for renewed U.S.-Iran conflict, reducing perceived market risk.
- Information technology sector valuations are at their lowest relative level since mid-2020.
- BlackRock's only equity portfolio overweights are now U.S. and emerging markets stocks.
COMPANIES
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