S&P 500 Secures Ninth Straight Winning Week as Technology Stocks Drive Market Growth
New York, Sunday, 31 May 2026.
Defying inflation concerns, the S&P 500 notched a rare ninth consecutive weekly gain. Surging semiconductor stocks drive this momentum as investors await crucial May employment data early next week.
A Historic Run Fueled by Silicon
The S&P 500 index has achieved its ninth consecutive weekly advance as of the week ending May 29, 2026, pushing its year-to-date gains beyond 10% [5]. Concurrently, the tech-heavy Nasdaq Composite has recorded its eighth positive week in the last nine, reflecting a robust 16% rise since the start of the year [1][5]. This sustained upward trajectory follows a notable correction in the technology sector during March 2026 [5]. Since the market reached a low point on March 30, 2026, the S&P 500 has surged over 19% [5]. Institutional selling pressure remains minimal, with distribution days holding at a low count of two for both the S&P 500 and the Nasdaq [1].