Bank of America: The S&P 500 has reached its target for 2026.

Bank of America stated that the S&P 500 Index has reached the bank's target of 7,741 points for 2026; technical indicators suggest that this round of gains is likely to push further towards 8,000, 8,234, and even 8,541 points. The bank sees 7,500 points as a key support level, but also warns that seasonal weakness from August to October, overheating momentum, geopolitical risks, and the upcoming U.S. employment and inflation data may all limit the index's upward space.