Bulls push the S&P 500 back near records — here’s what drove the market last week
Stock market bulls wrestled back control last week after a brief respite, putting the S & P 500 back on the cusp of another record high. The index has now advanced for eight straight weeks since its Iran wartime bottom...
S&P 500 (SPY) Temmuz'da (DÜŞÜK) 730 Doları vuracak mı?
An important development from the financial markets: Stock market bulls wrestled back control last week after a brief respite, putting the S & P 500 back on the cusp of another record high. The index has now advanced for eight straight weeks since its Iran wartime bottom on March 30, its longest winning streak since late 2023, when it strung together nine in a row. With a modest gain Friday, the S & P 500 is now less than 0.
4% below its May 14 record close of 7,501. It was a big shift from the start of the week, when the good times seemed in jeopardy thanks to the old foes of higher oil prices and bond yields. Oil again traded well above $100 a barrel, and the 30-year Treasury yield on Tuesday reached its highest level since 2007 .
Economic Details
Stocks unsurprisingly didn't like that. The S & P 500 ended Tuesday riding a three-session skid dating back to May 15, a losing streak not seen since March 26, 27, and 30. Just like in the early days of the Iran war, stocks were taking their cues again from the oil and bond markets.
Enthusiasm around artificial intelligence wasn't enough to break through. SPX 3M mountain S & P 500 3 months The market turned a corner on Wednesday. Oil prices and bond yields retreated, resulting in a positive session for the S & P 500.
It kicked off the stock market's ascent – just like the rally on March 31. Investors were optimistic after President Donald Trump said the U. was in the "final stages" of peace talks with Iran.
Analyst Views
The S & P 500 didn't stop there and continued its run into Thursday and Friday. It wasn't just hopes of a resolution that drove last week's action. Nvidia, the center of the AI trade, reported a strong quarter Wednesday night — but not strong enough to propel its own stock higher.
Also on Wednesday, SpaceX filed for its initial public offering, which is expected to be the largest in history. The remarkable comeback in cybersecurity stocks, including Club name CrowdStrike , continued. Overall, the S & P 500 jumped 0.
9% over the five-day stretch. The tech-heavy Nasdaq and Dow Jones Industrial Average rose 0. The blue-chip Dow ended the week at a record high.
Economists are analysing what the news means for the markets.
