The stock market posted a notable milestone as the S&P 500 Index recorded its longest winning streak in more than 20 years. Over the past nine trading sessions, the index has climbed approximately 10%, effectively reversing the losses it incurred since April 2.
This resurgence marks a significant shift for U.S. equities, which faced months of uncertainty following the launch of a global trade war initiated by President Donald Trump in early April. At that time, investor sentiment suffered due to rising geopolitical tensions and fears of disruption in international trade.
The recent rally reflects investor optimism driven by improving economic data, stronger-than-expected corporate earnings, and diminishing concerns surrounding trade disruptions. Analysts suggest that the swift recovery underscores the market’s resilience and investors’ renewed appetite for risk.
As the S&P 500 regains its footing, market watchers will continue to monitor global developments and economic trends to determine whether this momentum can be sustained in the coming weeks.
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