Morgan Stanley: The impact of technology company financial reports on the stock market will exceed the impact of the Iran war.

Morgan Stanley strategists said that strong profits from US companies, especially the thriving technology sector, have overshadowed concerns about the potential pressure on the stock market from the Middle East conflict. Michael Wilson and his team wrote in a report that profit expectations for the S&P 500 index have been revised upwards in multiple time periods over the past month. Profit expectations for the second quarter have been raised by 2%, and profit expectations for the full year of 2026 and the next 12 months have been raised by 3% and 4% respectively.