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Traders Bet S&P 500 Hits 8,000 Despite Geopolitical Risks

May 8, 2026
1 source
CNBC Finance
Traders Bet S&P 500 Hits 8,000 Despite Geopolitical Risks

Story Summary

The S&P 500 rose above 7,400 on Friday, prompting Kalshi traders to assign 59% odds of reaching 8,000 by 2026. Analysts attribute the surge to robust artificial intelligence sector growth rather than geopolitical tensions involving the U.S. and Iran. While risks persist, market momentum continues upward with RBC raising its price target to nearly 8,000.

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