The S&P 500 closed at a record high on Friday, completing nine consecutive weeks of gains for the first time since 2023. The benchmark index has staged a powerful recovery as investors increased exposure to technology stocks, artificial intelligence leaders, and other growth-oriented sectors amid improving market sentiment.
Since its March 30 low, the S&P 500 has climbed 20.1%, adding approximately $11.4 trillion in market capitalization in just two months. The rally has been supported by strong corporate earnings, accelerating AI-related investment, easing inflation concerns, and expectations that monetary policy will remain supportive of economic growth.
Analysts said the scale and speed of the rebound highlight continued investor confidence in U.S. equities, particularly companies benefiting from expanding demand for AI infrastructure, semiconductors, and cloud computing services.
