[Morgan Stanley Predicts S&P 500 Index Target of 7,800 Points by End of 2026] Morgan Stanley predicts the S&P 500 Index target of 7,800 points by the end of 2026, expects the US Dollar Index to drop to 94 in the first half of 2026, rebound to 99 by year-end, and forecasts gold prices to reach $4,500 per ounce in 2026.