finance
S&P 500 Records Third Consecutive Weekly Gain Over 3%, Matching 2020 Streak
The S&P 500 index closed more than 3% higher for the third straight week, a pattern last seen in June 2020. Similar streaks occurred in September 1982 and September 1940. The data indicates a period of consistent market gains amid current economic conditions.
Apr 18, 7:27 PM·1m read4 sources
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The S&P 500 index closed over 3% higher for the third consecutive week, according to data reported by @KobeissiLetter.
This marks a sustained rally in the index, reflecting gains in equities.
The current streak matches one observed in June 2020, as per the same data.
Additional comparable periods include September 1982 and September 1940. These instances highlight patterns in market behavior over time.
The data points to a rare sequence of weekly gains exceeding 3%.
Such momentum occurs amid ongoing economic conditions, with the index showing steady increases. Investors have noted the consistency in this performance.
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