S&P 500 Hits New All-Time High of 7,165 — AI Mega-Caps Lead; Analyst Median Target 7,650

The S&P 500 set a new all-time high of 7,165.08 on April 24, 2026, surpassing the April 15 record of 7,022.95. The rally was led by AI mega-caps — Nvidia, Microsoft, and Meta — along with Intel's strong quarterly earnings. Year-end Wall Street analyst median target stood at 7,650. Consumer sentiment remained low (UMich final April: 49.8) amid Iran war oil prices and tariff-era cost increases.