UBS targets S&P 500 at 7,300 as Fed cuts and AI spending extend U.S. equity rally
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UBS forecasts the S&P 500 to reach 7,300 by June 2026, driven by Federal Reserve easing, strong corporate earnings, and increased AI investment. The bank anticipates two more Fed rate cuts by early 2026, supported by a cooling labor market. With 80% of S&P 500 firms reporting solid Q3 results, UBS expects consumer spending to rebound quickly post-government shutdown. The rise in AI-related capital expenditure is expected to sustain market performance, particularly benefiting tech and cyclical stocks through 2026.
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