Wells Fargo trims S&P 500 index's year-end target to 7,700
Wells Fargo lowered its year-end target for the S&P 500 CBOE:SPX index to 7,700 from 7,950, as limited catalysts for further gains, and rising political and sector-specific risks cloud the market outlook.The market is entering the "late innings" of the cycle, a phase that typically supports lower v…