S&P 500 Extends Longest Rally Since 2004

Winning Streak: The S&P 500 has risen for nine consecutive trading days – its longest uninterrupted gain streak since 2004thebusinessjournal.com.

Losses Recovered: This rally has fully erased the market’s early-April losses following President Trump’s announcement of new “reciprocal tariffs” on foreign importscoinlive.com.

Market Rally Continues

U.S. stock indexes climbed again on Friday, extending the recent upswing in equitiesthebusinessjournal.com. According to market reports, the S&P 500 closed at 5,686.67, up about 1.5% (82.5 points) for the sessionthebusinessjournal.com. This ninth straight day of gains is the benchmark’s longest winning streak since late 2004thebusinessjournal.com. The rally has been broad-based, with the Dow Jones Industrial Average and Nasdaq Composite also advancing. Overall market sentiment has been buoyed by solid corporate earnings and other positive economic data, helping to drive nearly 90% of S&P 500 stocks higher over this stretchthebusinessjournal.comthebusinessjournal.com.

Tariff Announcement and Recovery

Earlier in April, President Trump announced plans for “reciprocal tariffs” – higher levies on countries that impose tariffs on U.S. goods – sparking a sharp sell-off in stockscoinlive.com. In fact, the S&P 500 fell roughly 9% in the first week of April as investors reacted to the announced tariffsthebusinessjournal.com. Since then, however, the market has clawed back all of those lossesthebusinessjournal.com. Traders were heartened by factors such as stronger-than-expected U.S. economic data and signs that the tariff measures might be delayed or scaled back. As a result, by mid-May the S&P 500 had not only recovered its early-April pullback, but was also on track for its longest winning streak in two decadescoinlive.comthebusinessjournal.com.