S&P 500 closes eight straight weekly gains, Peter Tuchman notes

S&P 500 closes eight straight weekly gains, Peter Tuchman notes
S&P 500 extends rally to eight weeks

Peter Tuchman highlights that the S&P 500 has just closed its eighth consecutive weekly gain, marking the index's longest positive streak since 2023.

This continued upward momentum has raised questions about the underlying drivers and what could be fueling such a sustained rally in the market.

Earlier this quarter, Peter Tuchman reported that 84% of S&P 500 companies outperformed earnings estimates, the strongest beat rate since 2021. He also noted a recent trading session where the S&P 500 edged up 0.05% while the Dow Jones slipped 0.46% and the Nasdaq gained 0.45% during Wednesday trading. These updates provide context for the index's ongoing rally.

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