U.S. markets watch a delicate balance as the dollar rises for a second straight session following key economic data, while traders weigh how durable the U.S.-Iran ceasefire really is. Investors are torn between signals of economic resilience and looming geopolitical risk, leaving the next move for the Dow, S&P 500 and Nasdaq highly uncertain.
HSBC raised its 2026 S&P 500 target to 7,650, pointing to robust corporate earnings and resilient technology stocks. The bank expects broader market participation and improving AI adoption to support upside, with easing macro conditions potentially driving the index toward and even beyond 8,000. Risks remain, including inflation and oil price volatility.
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Wall Street’s classic “sell in May” playbook is looking increasingly questionable as the S&P 500 rebounds strongly. Investors are watching a shift driven by easing geopolitical worries and solid corporate earnings, challenging the idea that history should automatically dictate summer moves. The result is a tough call between sticking to tradition or acting on current momentum and economic resilience.
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