S&P 500 Achieves Longest Winning Streak in Over Two Decades

U.S. stocks have staged a rapid and broad-based recovery following a sharp sell-off in April triggered by new tariff policies, with the S&P 500 marking its longest winning streak in over 20 years. Positive factors fueling the rebound include the White House easing some tariff measures, notably providing exemptions for U.S. automakers, and encouraging economic data such as resilient job growth and stable unemployment. Additionally, strong corporate earnings—especially from major tech firms—and continued robust investments in AI infrastructure have contributed to renewed market optimism. The S&P 500 has nearly erased its losses from earlier in the year, and investors are regaining confidence as hopes for further tariff relief and economic stability rise. Wall Street analysts and investors were initially caught off guard by the speed of the bounceback but note that solid earnings and trade developments have underpinned the rally.