S&P 500 Rally Persists in 2026 Amid Strong Earnings and Cooler Jobs
Sep 2, 2026, 7:44 AM EDT1 sourcesAI-analyzed
Why it may matterVerify against the original reporting
The article underscores continued S&P 500 strength, earnings resilience, and fading rate-hike fears, all of which historically lift IVV as the ETF tracks the index. A sustained move toward 8,100 by year-end could push IVV higher in the near term; however, sector rotations and ongoing tech layoffs may introduce volatility.
AI summary
What happened, with direct paths to the underlying reporting
The S&P 500 extended its 2026 rally as earnings beat and easing rate-hike fears support gains. UBS lifted its year-end target to 8,100 while July payrolls undershot expectations, reinforcing expectations for slower policy tightening. IVV, tracking the S&P 500, stands to benefit from continued index strength amid a favorable macro backdrop.
S&P 500 hits 7,798.99 close high; UBS raises year-end target to 8,100.
Weak US jobs data in July; 23k decrease. Revisions down 103k.
Fed September hike odds ~30%; no-change odds ~70%.
Amazon, Cisco, Meta, Microsoft, Oracle announce 140k US layoffs.
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