Morgan Stanley’s Wilson Keeps 8,000-Point S&P 500 Target After Selloff

Morgan Stanley chief U.S. equity strategist Mike Wilson maintained an 8,000-point year-end S&P 500 target after a sharp technology-stock selloff, offering a more constructive view of the weeks ahead. Wilson framed the next two to three weeks as a window to add exposure. His target is about 8.4% above Friday’s close. Morgan Stanley had previously paired the same year-end target with a near-term downside scenario in an earlier market outlook . The S&P 500 fell 4.4% Thursday, and the Nasdaq 100 dropped 6.4%. The S&P 500 rebounded 0.3% Friday but remained 2.5% below its level when midterm election results were announced. Concerns about tighter regulation of data center construction and the AI industry after Democratic victories contributed to the market pressure.

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