Wells Fargo Delivers Stark Warning as S&P 500 Could Drop 10%

Wells Fargo lowered its year-end forecast for the S&P 500 (SP500) to 7,700 from 7,950, warning that stocks could face a five percent to 10% pullback before the year-end as earnings momentum matures.The bank has grown more cautious on equities despite raising its earnings estimates to $425 for 2027…