The S&P 500 has risen 19% since late March, marking its longest weekly winning streak in over a year.
The S&P 500 extended its rally to nine consecutive weeks, its longest streak since 2023, closing up 19% since March 27. The advance followed a sharp 8% decline in February amid geopolitical tensions but rebounded after diplomatic efforts eased concerns.
Historical data shows the index has averaged a 10% return in the year following similar nine-week win streaks. Since 1957, such streaks have occurred only 10 other times, with the S&P 500 continuing its upward trend in most cases.
The index closed at record highs last week, suggesting sustained investor confidence despite earlier volatility. Analysts point to the ceasefire and reduced oil supply disruptions as key drivers of the rebound.