S&P 500 Index is expected to achieve a rare nine-week winning streak

Glonghui, May 29 – Hopes that a ceasefire agreement could bring an end to the Middle East conflict have helped push U.S. stock markets toward a rare record of consecutive weekly gains, with the boom in artificial intelligence trading also providing a boost to the market. The S&P 500 Index has rebounded nearly 20% from the low point triggered by the war and is poised to achieve its ninth consecutive weekly gain, marking the longest streak since December 2023. Such a rare trend has only occurred a few times since 1985. On Friday, the index edged higher, hovering near record highs.