New York Stock Markets Surge 22.5% in 15 Weeks
The S&P 500 index in the United States has experienced a historic increase, rising 22.5 percent over the past 15 weeks. This marks the largest consecutive gain for the index since August 28, 2020, and is an encouraging sign for investors looking to invest in American stocks.
The S&P 500 index is made up of the prices of the 500 most important companies in the United States and has been steadily climbing over recent months. In fact, it has risen in 14 out of the last 15 weeks, with only one week seeing a decline. This winning streak is reminiscent of Richard Nixon’s presidency in 1972 when the S&P 500 saw a similar streak of successes.
Other stock market indices have also been performing well, with the Nasdaq Composite index experiencing a similar rise for 14 weeks out of 15 and the Dow Jones DJIA only having such a long period of growth just fourteen times since its establishment. The US central bank has stopped raising interest rates, which has created an expectation that future interest rate decreases are on the horizon. Investors have also been inspired by potential efficiency improvements brought about by artificial intelligence.
Last year, there were concerns that a recession was imminent, but economic growth has continued unabated leading to a rise in American stock markets over the past year and half. As such, this positive trend is expected to continue moving forward into