Stock Market 1 June 2026

July 9, 2026, 2:18 AM EDT. BNY Mellon (BNY) is sticking to its long-term bullish call on the S&P 500, saying the index has held up through wars, recessions, inflation, and market corrections since 1926 and keeps pushing higher over time. The bank is telling investors to keep a long-term mindset and focus on building wealth instead of trying to time the market. BNY put out a 12-month S&P 500 target of 7,300, with a possible bounce as high as 7,700 or a flat patch down at 5,700. That sits between Citi's more aggressive 8,100 target and Bank of America, which is at 7,100. All this as the latest geopolitical risks build around Iran. BNY is urging patience and discipline while markets stay choppy.