After the financial reporting season, more analysts are turning to look at the US stock market. On May 22nd, the latest bullish view came from UBS Global Wealth Management, which has raised its year-end target for the S&P 500 index to 7900 points. This securities firm had previously expected the US benchmark index to close at 7500 points by the end of the year. In its latest report, UBS mentioned that despite facing negative headwinds from the Middle East conflict, the US stock market has shown resilience. This is mainly due to market expectations for the end of the war, strong first quarter financial reports, and continued momentum in artificial intelligence. Therefore, UBS believes that the US stock market will continue to soar in the second half of the year and close up another 6% on the current basis. Morgan Stanley also turned its attention to the US stock market earlier this week, and currently expects the S&P 500 index to hit 8300 points in the next 12 months, as stronger earnings performance will continue to outweigh all other negative factors causing disruptions. The bank also raised the year-end target for this US benchmark index to 8000 points (previously 7800 points). The main driving force behind Morgan Stanley's upward adjustment of expectations is the outstanding performance of US companies in the latest earnings season. The bank estimates that the earnings of the S&P 500 index in the first quarter increased by about 27% year-on-year, far exceeding the growth rate of about 12% predicted by analysts before the earnings season.