Tom Lee: U.S. Stock Market Bottom Confirmed, S&P 500 Expected to Reach 7300 Points by Year-End

Odaily Tom Lee stated on CNBC that the market bottom has been established, citing that the stock market did not decline when the conflict worsened and oil prices rose previously, while the current situation is de-escalating. He expects the S&P 500 index to reach 7300 points by year-end, a 7.6% increase from current levels, and is bullish on the technology, software, energy, and financial sectors.

Influenced by the U.S.-Iran agreement for a two-week ceasefire, U.S. stocks rose across the board on Wednesday. The Dow Jones Industrial Average gained over 1300 points that day, marking its best single-day performance since April 2025; WTI crude oil futures fell over 16%, the largest single-day drop since April 2020.