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The S&P 500 index is expected to record a rare nine-week consecutive rise

2026-05-30 04:20:35

Golden Finance reports that on May 29, hopes that a ceasefire agreement may bring an end to the Middle East conflict spurred the U.S. stock market toward a rare streak of weekly gains. The AI trading frenzy also gave the market a boost. The S&P 500 index has rebounded nearly 20% from the war-triggered lows, and is expected to post a ninth consecutive week of gains—its longest winning streak since December 2023. Since 1985, this kind of rare move has only occurred a few times. On Friday, the index inched higher slightly, hovering near record high levels.

SPYX0.21%

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