May. 27 at 1:09 AM
U.S. stocks are continuing a powerful summer rally, with the S&P 500 posting eight straight weeks of gains — its longest winning streak since December 2023 and one of the strongest eight-week stretches since 1952, according to Dow Jones Market Data and Bespoke Investment Group. The sustained momentum has fueled speculation that a market “melt-up” scenario could propel the benchmark index toward 8,000 or even higher.
Investor optimism has been driven by resilient economic data, enthusiasm surrounding artificial intelligence and technology stocks, and stronger-than-expected corporate earnings. The rally has broadened beyond mega-cap tech, helping support gains across major U.S. indexes despite lingering concerns about elevated valuations and the durability of the advance.
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