Global brokerages expect the S&P 500 to extend its rally in 2026, supported by momentum in artificial intelligence and strong corporate earnings. Strategists believe that AI-led earnings growth could offset the short-term economic effects of the war in Iran, although concerns about higher inflation and disruptions to global energy flows continue to weigh on investor sentiment. Goldman Sachs and Citigroup are among the brokerages targeting 8,000 or higher for the index by year-end, while BofA Global Research and Wells Fargo are more cautious, with forecasts below the broader consensus.