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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InFollowing weeks of volatility in U.S. markets, the S&P 500 index demonstrated significant resilience to end the week with a 1.7% gain. This advance marks the index's best weekly performance in two months, reflecting a strong recovery rally on Wall Street. According to reports, this move has narrowed the gap between the index and its all-time record high to just 1.7%.
This improvement comes as global markets await monetary policy stability; European markets recently saw mixed inflation data, with France's annual inflation rate hitting 1.8% in June 2026, below the 2.1% forecast per market data. Meanwhile, data from the United Kingdom showed GDP growth of 0.6% on a quarterly basis, bolstering cautious optimism regarding major economies and their impact on risk appetite for U.S. equities.
Looking ahead, traders are monitoring support levels near previous peaks as bullish momentum continues. Regarding upcoming catalysts, the market is focused on key central bank communications, including a speech by Lagarde (ECB) on June 29, 2026, and the release of the Chinese Manufacturing PMI on June 30, which could provide signals on global growth trends affecting S&P 500 components.