JPMorgan Chase raises S&P 500 index target point.

J.P. Morgan has raised its year-end target for the S&P 500 index to 7800 points, citing a combination of the artificial intelligence investment boom and easing geopolitical risks that have sparked an "unprecedented" upturn in corporate profits. The bank has raised its earnings per share forecast for S&P 500 components to $350 in 2026 and expects the strong growth trend in corporate profits to continue into 2027. J.P. Morgan remains bullish on the technology, artificial intelligence, defense, and banking sectors, but warns of significant downside risks for speculative growth stocks.