BlackRock Investment Institute said on Monday that the institute's bullish stance on U.S. stocks rose slightly after the U.S. announced a suspension of 90-day tariffs on most countries. A report from a research firm owned by asset management giant BlackRock shows that the risk of recent "financial accidents" has been alleviated after the Trump administration decided to suspend imposing high tariffs on most countries. "Political uncertainty may drag economic growth and stock markets in the near term. However, we believe that potential economic and corporate profits remain solid and are supported by huge forces such as artificial intelligence," BlackRock analysts said in the report, adding that they have a high share of U.S. stocks.
BlackRock raises U.S. stock outlook after tariffs are suspended
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04-15 04:57
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