The Wall Street equivalent of roster-cut day happens Friday. It’ll be one of the biggest volume days of the year.
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Summary
FTSE Russell is undertaking its semi-annual rebalancing — what the index provider calls its reconstitution — and the size of the undertaking could impact markets, say analysts.
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JPMORGAN RAISED ITS YEAR-END S&P 500 TARGET TO 7,800, UP FROM 7,600
— WOLF (@WOLF_Financial) June 24, 2026
That implies almost 6% upside from Tuesday's close, per Bloomberg.
The timing is the notable part:
The upgrade lands right after two straight down days, including a 1.4% drop Tuesday that one Wall Street… pic.twitter.com/bY2Hz3BcEG