Bank of America said that the S&P 500 index has hit the bank's 2026 target of 7,741 points; technical indicators show that the current round of gains is expected to rise further to 8,000, 8234, or even 8541 points. The bank sees 7,500 points as a key support level, but it also warns that seasonal weakening from August to October, overheating of momentum, geopolitical risks, and upcoming US employment and inflation data may limit the room for the index to continue to rise.

Bank of America said that the S&P 500 index has hit the bank's 2026 target of 7,741 points; technical indicators show that the current round of gains is expected to rise further to 8,000, 8234, or even 8541 points. The bank sees 7,500 points as a key support level, but it also warns that seasonal weakening from August to October, overheating of momentum, geopolitical risks, and upcoming US employment and inflation data may limit the room for the index to continue to rise.