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JPMorgan Sees S&P 500 Hitting 3,000, Warns on Tech Stocks

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Morgan Stanley's Wilson Says Melt Up Leads to S&P 3,000

Another Wall Street firm says the bull market’s going to continue to run next year. But it won’t be because of tech shares.

JPMorgan Chase & Co. became the third major bank to predict the S&P 500 Index will rise to 3,000 at the end of 2018, joining Oppenheimer and Evercore ISI. If the benchmark for American equity hits that target, it will have rallied 13 percent from Thursday’s close.