Stock Market Live May 27, 2026: S&P 500 (SPY) Running as Oil Drops Under $90

The major indices are back in the green.

This time, there are reports that Iran will restore Hormuz traffic in a month. On that news, the S&P 500 is up 0.33%, or by 25 points. The SPDR S&P 500 ETF (SPY) is up 0.22%, or by $1.66.  The Dow is up by 0.16%, or by 88 points. The Nasdaq is up by 0.87%, or by 262 points. Oil is down by $5.41 at $88.48. Gold is down by $55.75 at $4,446.16. Bitcoin is down by $154 at $75,693.

Reportedly, Iran will restore traffic through the Strait of Hormuz in about a month. At the same time, Iran and the U.S. are only having indirect talks, with Iran asserting that any deal over its enriched uranium is off the table. So, it’ll be interesting to see what comes next.

Goldman Sachs Just Raised its S&P 500 Price Target

Goldman Sachs just raised its S&P 500 year-end target to 8,000 from 7,600.

As noted by CNBC, the firm raised its 2026 EPS forecast for the S&P 500 to $340 a share.

“Earnings growth has powered the entire S&P 500 return so far this year, and we expect this dynamic will continue in coming months,” said the firm. “The increase in consensus forward EPS estimates has outpaced the S&P 500 price gain, resulting in a decline in the P/E multiple. In fact, during the past two years, near-term earnings growth has arithmetically accounted for the entire 40% rise in the S&P 500.”

The firm added that half of that EPS growth will be from AI infrastructure investment alone.

Dell Earnings are Out Tomorrow 

Over the last few weeks, shares of Dell exploded from about $230 to a high of $295 as it heads into earnings on May 28. Wall Street analysts remain overwhelmingly bullish. JPMorgan Chase recently reiterated its Buy rating on DELL stock and maintained a $280 price target.

“We are expecting Dell to raise its earnings guidance for FY27 (Jan-end) again from the already raised outlook of 25% growth, although more modest in this case, on account of flow-through of the beat in F1Q27 but constrained by supply visibility, which still needs to catch up to the higher demand outlook for AI servers in particular,” the firm said, according to CNBC.

Meanwhile, analysts at Citigroup raised their price target on DELL to $290 from $235, citing “strong neo cloud/sovereign AI demand and improving enterprise mix” as key growth drivers, according to Seeking Alpha.

Analysts at Mizuho Financial Group also raised their Dell price target to $300 from $260. The firm pointed to agentic AI workloads as a durable catalyst for sustained server demand and recurring revenue growth.

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