These Three Metrics Explain why the S&P 500 Index has Hit a Record High - Amazon.com (NASDAQ:AMZN), NVIDI

The S&P 500 Index has surged this year and is now hovering near its all-time high, with several top Wall Street analysts expecting further upside.

Goldman Sachs (NYSE:GS), JPMorgan (NYSE:JPM), Societe Generale, and Morgan Stanley (NYSE:MS) expect the index to reach 8,000 this year.

Oppenheimer and Citigroup (NYSE:C) are more optimistic, as they see it climbing as high as 8,100.

These forecasts could prove accurate, supported by several key market metrics and underlying trends.

S&P 500 Index is Being Boosted by Earnings Growth A key catalyst that may boost the S&P 500 Index is that its constituent companies are reporting their best earnings in years.