Goldman Sachs predicts the S&P 500 will reach 7,600 by the end of 2026, with a 6.5% annualized return over the next 10 years. The index’s net profit margin is currently at a record high of 13%. The forecast accounts for bearish and bullish cases, with a range of 3% to 10%. The valuation forecast includes a 21 times forward price-to-earnings multiple in 10 years, a 10% decline from the current multiple of 23 times. The AI sector poses upside risks to the profit forecast, potentially boosting average earnings per share growth to 9%. – MarketWatch

In other news, the Republican-controlled House is set to vote on a spending package to end the government shutdown. Advanced Micro Devices shares are rising after an upbeat revenue forecast from CEO Lisa Su. Bill Holdings stock is surging amid reports of a potential sale. Earnings from Cisco are expected after the close. The Federal Reserve is facing a dilemma over a potential December rate cut. – MarketWatch

Fundstrat’s head of technical strategy, Mark Newton, predicts a bullish trend for commodities into 2026. Separately, the International Energy Agency suggests that oil and gas demand may not peak by the end of the decade. The top-searched tickers on MarketWatch include Nvidia, Tesla, and Apple. Lastly, an Afghan child bride has become a top bodybuilder, “Toy Story 5” teaser trailer is set for next summer, and an economist gets lost at Heathrow. – MarketWatch, BBC, AS.com, One Mile at a Time

Read more at Yahoo Finance: Where Goldman Sachs says the S&P 500 is headed next year and in the next decade