S&P 500 Up 0.9% After Peace Deal Reverses Midweek Dip

The S&P 500 gained 0.9% for the holiday-shortened week, marking its second consecutive weekly advance and the 11th positive week in the last 12. Early-week strength came from optimism about a new Iran agreement and interest around the SpaceX initial public offering. The index gave back some of those gains after the Federal Reserve’s midweek policy update, then rallied on Thursday following the signing of a peace deal and closed the week higher ahead of Friday’s market holiday.

The index finished the week about 1.4% below its record close reached on June 2, 2026. Year-to-date the S&P 500 is up 9.6%, while the S&P 500 Equal Weight Index is up 9.3% over the same period. ETFs that track the market-cap-weighted S&P 500 include IVV, SPY and VOO. The equal-weight version is tracked by RSP.

On technical measures, the S&P 500 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. Market participants commonly use these moving averages to assess trend direction.

Volatility was subdued over the past month. The average intraday range — the percent change from the low to the high within a trading day — was 1.14% over the last 20 trading days. The index’s largest single-day intraday swing in recent years was 10.77% on April 9, 2025, the biggest since a 19.10% range on December 24, 2018.

Longer-term charts show episodes of large drawdowns. After reaching a then-record high on October 9, 2007, the S&P 500 fell about 57% to a trough on March 9, 2009 and did not reach a new high until March 28, 2013. The index also recorded notable selloffs in 2022 that appear in extended performance charts.

Upcoming U.S. economic data releases and corporate earnings reports are scheduled in the coming weeks. Geopolitical developments related to the recent agreement will continue to be monitored by market participants.