S&P 500 Closes Above 7,400 for First Time, Up 17.2% in 29 Trading Days

The S&P 500 rose above 7,400 for the first time in history, @KobeissiLetter reported on Friday. 2 percent since March 30, 2026. It gained $10 trillion in market capitalization during that span, which covered 29 trading days.

The advance marks one of the swiftest accumulations of equity value on record. By close of trading Friday the index had closed above the 7,400 level for the first time, according to the data compiled by @KobeissiLetter. March 30, 2026, served as the starting point for the measured rally.

2 percent return and the $10 trillion increase in total market value. The report arrives in a year when equity markets have already broken several records. @KobeissiLetter placed the milestone firmly in 2026, underscoring how rapidly capitalization has expanded in the current calendar year.

No single stock or sector was singled out in the data. The aggregate figures reflect broad participation across the index's 500 constituents, with the $10 trillion addition representing an average daily gain of roughly $345 billion over the 29 sessions. The speed of the advance stands out even against previous bull-market periods.

In the 29 days ending Friday the S&P 500 added more market value than the entire index was worth at several points earlier in the decade. 2 percent rise, a first-ever close above 7,400, and a $10 trillion expansion compressed into less than six weeks of trading.