The S&P 500 has surged to a new record, marking nine consecutive days of gains – its longest winning streak since November 2004.
This run came after significant market falls after President Trump announced his tariffs on Liberation Day in April 2025.
The index closed 1.47% higher on the final day of the streak on Friday 2nd May 2025, reflecting investor optimism amid shifting global economic conditions.
This historic run comes as China and the U.S. signal the potential of renewed trade discussions, easing concerns over tariffs and supply chain disruptions.
Additionally, a strong U.S. jobs report has bolstered confidence, with employment figures exceeding expectations. The rally has been broad-based, with technology, financial, and industrial stocks leading the charge.
Despite the impressive streak, analysts warn of potential volatility ahead. While the S&P 500 has demonstrated resilience, market corrections often follow extended periods of gains.
S&P 500 all-time chart as of 5th May 2025 – 9-day consecutive run record
Investors are now watching for signs of consolidation or further momentum and that is down to Trump’s tariffs and the Fed’s interest rate decision.