Bank of America strategists raise S&P year-end target to 4,600

Bank of America (BAC) strategists, led by Head of Equity and Quantitative Strategy Savita Subramanian, have lifted their S&P 500 (^GSPC) year-end target to 4,600 points. This follows other upward S&P revisions from teams at Societe Generale and Oppenheimer.

Yahoo Finance anchors Brad Smith and Seana Smith report live from the Nasdaq MarketSite to analyze BofA's latest note and how its team is favoring "Magnificent Seven" tech stocks.