S&P 500 hits new record; target raised to 8,250 amid strong profit optimism

The S&P 500 has surged 16.5% above this year's low, closing at a new record high. Wall Street veteran Ed Yardeni raised his 2026 target for the index from 7,700 to 8,250, reflecting growing optimism among analysts about corporate profits. This bullish outlook suggests continued momentum in the stock market, signaling potential further gains for investors.