Stock Market Live May 27, 2026: S&P 500 (SPY) Running as Oil Drops Under $90

Major indices are trading higher, with the S&P 500 up 0.33% and the Nasdaq up 0.87%. Reports indicate Iran will restore traffic through the Strait of Hormuz in about a month, while Iran and the U.S. are having indirect talks and Iran says any deal over enriched uranium is off the table. Oil is down to $88.48, gold is down to $4,446.16, and bitcoin is down to $75,693. Goldman Sachs raised its S&P 500 year-end target to 8,000 from 7,600 and increased its 2026 EPS forecast to $340. Goldman expects earnings growth to continue and says half of EPS growth will come from AI infrastructure investment. Dell shares have surged ahead of earnings on May 28, with analysts reiterating bullish views and price targets.

"The major indices are back in the green. This time, there are reports that Iran will restore Hormuz traffic in a month. On that news, the S&P 500 is up 0.33%, or by 25 points. The SPDR S&P 500 ETF ( SPY | SPY Price Prediction) is up 0.22%, or by $1.66. The Dow is up by 0.16%, or by 88 points. The Nasdaq is up by 0.87%, or by 262 points."

"Reportedly, Iran will restore traffic through the Strait of Hormuz in about a month. At the same time, Iran and the U.S. are only having indirect talks, with Iran asserting that any deal over its enriched uranium is off the table. So, it'll be interesting to see what comes next."

"Goldman Sachs just raised its S&P 500 year-end target to 8,000 from 7,600. As noted by CNBC, the firm raised its 2026 EPS forecast for the S&P 500 to $340 a share. "Earnings growth has powered the entire S&P 500 return so far this year, and we expect this dynamic will continue in coming months," said the firm."

""The increase in consensus forward EPS estimates has outpaced the S&P 500 price gain, resulting in a decline in the P/E multiple. In fact, during the past two years, near-term earnings growth has arithmetically accounted for the entire 40% rise in the S&P 500." The firm added that half of that EPS growth will be from AI infrastructure investment alone."

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