The S&P 500 has achieved a remarkable nine-day winning streak, marking its longest rally since 2004. This surge follows a significant downturn in April, where the index experienced a sharp decline due to renewed tariff concerns.
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The recent rally has been fueled by optimism surrounding potential easing of trade tensions and strong earnings reports from major tech companies. Notably, Microsoft and Meta Platforms have reported robust earnings, bolstering investor confidence. Financial Times+3Barron's+3Investor's Business Daily+3
However, analysts caution that the market may be approaching overbought territory. The S&P 500 is nearing key resistance levels, including its 50-day and 200-day moving averages, which could trigger increased volatility. Business Insider
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