Morgan Stanley strategists have emphasized that robust U.S. corporate earnings, especially from the technology sector, are mitigating concerns about potential market impacts from Middle East tensions. According to a report by Michael Wilson's team, earnings expectations for the S&P 500 have been revised upwards over the past month. Second-quarter earnings forecasts increased by 2%, while projections for full-year 2026 and the next 12 months rose by 3% and 4%, respectively.