S&P 500 Logs Eighth Straight Weekly Gain, Nears May High

The S&P 500 rallied late in the week to post its eighth consecutive weekly gain, rising 0.9% and ending the week just below its May 14, 2026 all-time high. The streak is the index’s longest run of weekly wins since 2023.

After a weak start to the week, buyers pushed prices higher in the final sessions. The index has traded above both its 50-day and 200-day moving averages since April 8, 2026. The 50-day moving average has been above the 200-day moving average since July 1, 2025.

Short-term volatility has eased. The average intraday percent range over the past 20 trading days is 0.84%. By comparison, the S&P 500 recorded a 10.77% intraday range on April 9, 2025, the largest single-day intraday move since Dec. 24, 2018, when the intraday range reached 19.10%. Analysts track the number of days with moves of 1% or more and the count of correction days, defined as declines of 10% or more from a record high.

Year-to-date, the market-cap-weighted S&P 500 is up 9.17%. The S&P 500 Equal Weight Index, which assigns the same fixed weight to each constituent, is up 7.64% for the year. Exchange-traded funds tied to the indexes include iShares Core S&P 500 ETF (IVV), SPDR S&P 500 ETF Trust (SPY), Vanguard S&P 500 ETF (VOO), SPDR Portfolio S&P 500 ETF (SPYM) and Invesco S&P 500 Equal Weight ETF (RSP).

For historical context, the S&P 500 fell about 57% from its Oct. 9, 2007 closing high of 1,565.15 to the March 9, 2009 low of 676.53 during the Global Financial Crisis. The index did not record a new closing high above the 2007 peak until March 28, 2013, when it closed at 1,569.19. Charts that begin at the March 2009 trough show the subsequent recovery and later record highs, including notable pullbacks in 2022.

Market participants monitor moving averages, volatility measures and record-high counts as part of routine analysis of market conditions.