[S&P 500 Earnings Expectations Revised Upward as Wall Street Bets on U.S. Stocks Weathering Geopolitical Risks] Despite the Middle East war disrupting markets this month, sell-side strategists have been raising earnings forecasts, disregarding concerns over surging oil prices and potential setbacks in consumer demand. Data compiled by Morgan Stanley shows that the earnings of S&P 500 index constituents are expected to grow by 20% over the next 12 months. On Tuesday, Barclays strategists raised their year-end target and earnings expectations for the S&P 500 index, citing the strong performance of the U.S. economy and leading tech stocks. (Cailian Press)