The S&P 500 has reached a new all-time high, breaking its April 2026 record. The rally follows a period of volatility triggered by U.S.-Iran tensions earlier this year, with the index staging a strong recovery.
Federal Reserve policy, corporate earnings, and improving economic data continue to shape investor sentiment. Polymarket prediction markets now price a 70.5% probability that the S&P 500 will hit $750 by the end of May, up from 58% the previous day. Confidence in higher targets, such as $780, remains low at just 6.2%.
Market participants are watching Fed announcements and upcoming earnings reports for cues on whether the rally can sustain.