Brokerages lift S&P 500 targets as rally extends
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Major brokerages have raised their S&P 500 targets to between 7,100 and 8,100 by 2026, driven by AI growth and strong corporate earnings. The market's six-week rally is supported by a strong April jobs report, positive tech sector earnings, and optimism regarding U.S.-China relations. However, risks such as rising oil prices, high Treasury yields, and potential semiconductor pullbacks could pose challenges to this rally if macroeconomic pressures increase.
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