S&P 500, Nasdaq, Dow Jones Post Longest Winning Streak Since October 2024

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The S&P 500, Nasdaq Composite, and Dow Jones Industrial Average all finished higher for the week, extending Wall Street’s strongest winning streak since October 2024.

Stocks Extend Winning Streak

US equities closed the week higher, marking the sixth consecutive week of gains and the longest winning streak since October 2024.

Investor sentiment remained positive as markets continued to benefit from strong momentum in technology and growth sectors, despite growing concerns around valuations and global uncertainty.

The Nasdaq Composite led the major indices with a weekly gain of 1.1%, supported by continued strength in large-cap technology shares. The S&P 500 advanced 0.9%, while the Dow Jones Industrial Average rose 0.5% during the week.

Technology Stocks Continue to Lead

Technology and growth-related sectors remained the primary drivers of market performance. Investors continued rotating into companies tied to semiconductor demand, cloud computing, and next-generation infrastructure spending.

However, market leadership has become increasingly concentrated among a smaller group of large-cap names, raising concerns about the sustainability of the rally if broader participation weakens.

Geopolitical Developments Add Complexity

Markets also monitored geopolitical developments closely after Donald Trump informed congressional leaders that US hostilities with Tehran had ended “for now.”

The timing drew attention because it coincided with the 60-day threshold tied to the War Powers Act, which governs congressional authorization for extended military engagements. While uncertainty remains around future developments, investors appeared encouraged by signs of de-escalation.

Main US Stock Indices – Closing Levels

Daily Performance

• The S&P 500 closed at 7,230.12 points, gaining 21.11 points or +0.3%.
• The Nasdaq Composite finished at 25,114.44 points, up 222.13 points or +0.9%.
• The Dow Jones Industrial Average ended the session at 49,499.27 points, moving 152.87 points higher or +0.3%.
• The Russell 2000 closed at 2,812.82 points, rising 12.92 points or +0.5%.

Weekly Performance

• S&P 500: +0.9%
• Nasdaq Composite: +1.1%
• Dow Jones Industrial Average: +0.5%
• Russell 2000: +0.9%

Market Highlights

• Technology stocks continued to lead the market higher, helping the Nasdaq outperform the broader indices.
• Small-cap shares also showed resilience, with the Russell 2000 posting solid gains both on the day and for the week.
• The Dow lagged slightly compared to the tech-heavy Nasdaq, though it still maintained positive momentum.
• Broad market sentiment remained constructive as investors continued buying dips and rotating into growth-oriented sectors.

Tariff Threats Return to Focus

Trade tensions also returned to the spotlight after President Trump stated that tariffs on European cars and trucks could rise to 25% next week, citing disagreements in ongoing trade negotiations.

The announcement added another layer of uncertainty for global markets already dealing with inflation concerns, interest rate expectations, and slowing economic momentum in parts of Europe.

Conclusion

Wall Street continues to show impressive resilience, with all major indices maintaining bullish momentum near record highs. Strong demand for technology shares and persistent dip-buying have supported the rally.

Still, elevated valuations, geopolitical uncertainty, and renewed trade tensions suggest that volatility risks remain elevated even as the broader market trend stays positive.

ABOUT THE AUTHOR See More

Skerdian Meta

Lead Analyst

Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.

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