S&P 500 Logs Biggest Weekly Gain in Two Months

The S&P 500 posted its largest weekly gain in two months, rising 1.7% from last Friday and ending the week 1.7% below its June 2, 2026 record close. The index is up 9.3% year to date.

Trading was broad enough to keep the benchmark near key technical support levels. The S&P 500 has traded above its 50-day moving average since June 29, 2026 and above its 200-day moving average since April 8, 2026. The 50-day average has been higher than the 200-day average since July 1, 2025.

The S&P 500 Equal Weight Index, which assigns the same fixed weight to each component, is up 12.2% year to date compared with the market-cap-weighted S&P 500’s 9.3% gain. Exchange-traded funds tied to the market-cap index include IVV, SPY, VOO and SPYM; RSP tracks the equal-weight version.

Volatility measures remained moderate. Over the past 20 trading days, the average intraday high-to-low range for the S&P 500 was 1.39%. The largest recent single-day intraday swing occurred April 9, 2025, when the index moved 10.77% intraday; the December 24, 2018 intraday range was 19.10%.

A longer-term view highlights major drawdowns and recoveries. The S&P 500 peaked on October 9, 2007 at 1,565.15 and fell about 57% to a trough of 676.53 on March 9, 2009. The index did not close above the 2007 high until March 28, 2013, when it closed at 1,569.19.

Market participants are watching upcoming economic data, corporate earnings and shifts in interest-rate expectations as near-term factors that could influence the index’s direction.