The S&P 500 on Friday clinched its eighth straight weekly gain, the index’s longest winning streak since 2023. The reasons might sound familiar: strong corporate earnings and AI enthusiasm as investors look past concerns about the war with Iran.
The S&P 500 has climbed for eight straight weeks, but rising US Treasury yields threaten its momentum.
Bond investors are demanding higher returns amid inflation fears sparked by the closed Strait of Hormuz.
Experts say stock gains remain concentrated in a narrow set of AI and tech companies.
AI-generated summary was reviewed by a CNN editor.
New York —
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A US-brokered ceasefire between Israel and Iran that sparked higher crude prices also boosted market confidence.
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