Multiple Wall Street firms have released their predictions for the US stock market in 2026: the bull run is not over yet, and the S&P 500 Index is expected to rise to a minimum of 7500 points.

On November 27, multiple Wall Street firms released their predictions for the US stock market in 2026, leaning towards the view that there is still room for a rise in the next phase, as the AI boom continues to reshape the economy and financial markets. Deutsche Bank set a target price of 8000 points for the S&P 500 index by the end of 2026, while HSBC set a target of 7500 points for 2026; Morgan Stanley also expects next year to be a strong year, predicting that the index will close at 7800 points in 2026. The firm's strategist Mike Wilson referred to this as a “new bull run,” stating in a report last week that the rolling recession ended earlier this year, and policy support and earnings strength will continue into next year. JPMorgan's stance is similar, with a benchmark forecast of 7500 points for 2026, but believes that if the inflation outlook improves, prompting the Fed to be more aggressive in cutting rates, the index could potentially break through 8000 points. Currently, JPMorgan expects the Fed to cut rates twice more before pausing.