In a significant revision that underscores deepening concerns about the U.S. economic outlook, HSBC $HSBC has slashed its year-end forecast for the S&P 500 Index $^SPX to 5600, joining a growing chorus of global brokerages lowering expectations for the benchmark equity gauge. The London-based financial institution cited mounting pressures on corporate earnings, an increasingly fragile growth backdrop, and persistent tariff-related uncertainties as key reasons behind the downgrade.

HP Inc $HPQ has embarked on a new phase of growth by exceeding Q1 revenue forecasts, buoyed by robust performance in its personal systems segment and a surge in demand for AI-powered platforms. Despite these promising financials, market shares fell by over 3% in after-hours trading following subdued earnings guidance for Q2.