The index rose 1.43% last week, extending its winning streak to nine weeks amid lower oil prices and geopolitical optimism.
The S&P 500 closed at record levels, driven by easing stagflation fears as oil prices declined and progress in US-Iran negotiations boosted sentiment. The index climbed 1.43% for the week, marking its ninth consecutive weekly gain.
This streak is the longest since [prior period not specified], reflecting sustained investor confidence. Market participants have increasingly dismissed stagflation risks, focusing instead on improving economic indicators and potential policy support.
No immediate market reaction details were provided, but the rally underscores a shift in sentiment toward risk assets.