S&P 500 Surpasses 7,100 as Nasdaq Posts Longest Winning Streak Since 1992

Key Facts

The S&P 500 closed at 7,126 points following the pivotal reopening of the Strait of Hormuz, which acted as a major catalyst for the ongoing rally. While the Nasdaq maintains its longest winning streak since 1992, technical analysis now points toward a bullish target range between 7,424 and 7,490. However, market strategists view this current momentum as a potential blow-off top for the 2025–2026 cycle rather than the start of a new sustained uptrend. This surge coincides with a 9.1% plunge in Brent crude prices, providing a disinflationary tailwind that has bolstered investor confidence. As the Invesco QQQ ETF continues to trade near record highs, market participants are closely monitoring whether these unprecedented levels will force a shift in Fed monetary policy. Investors remain cautious about the long-term sustainability of this growth despite the robust technical targets.

Version History