S&P 500 Hits Longest Winning Streak Since 2004

S&P 500 futures were flat early Monday after Wall Street notched its longest winning streak in over two decades, marking nine consecutive days of gains. It’s the index’s best run since 2004 — the same year Mark Zuckerberg launched Facebook from his Harvard dorm room — and a clear signal that investor sentiment is swinging back toward optimism.

Driving the surge was Friday’s jobs report, which delivered a surprise upside. The US economy added 177,000 jobs in April, comfortably above forecasts of 133,000. The data helped calm fears of a sharp slowdown and reinforced views that the labor market remains resilient despite months of policy uncertainty and tariff turmoil.

Meanwhile, geopolitical risk also took a backseat as China revealed that the US had expressed a willingness to engage in trade talks. The diplomatic gesture came after weeks of escalating tensions and aggressive tariff exchanges that rocked markets in March and early April. Investors are now hopeful that the worst of the trade turbulence is behind them.

Together, the strong payroll numbers and emerging signs of trade dialogue created the perfect environment for a rally. Major indexes jumped last week, with the S&P 500 fully recovering all its losses from the latest round of tariff shocks. The benchmark index now hovers just 8% below its record high set back in February, underlining the strength of the rebound.

As traders brace for a packed week of earnings, policy signals, and macro headlines, the market appears to be on stronger footing. For now, momentum remains in the bulls’ favor — and the S&P 500’s historic streak is the proof.

Markets

Forex

Shares

Commodities

Cryptocurrencies

Indices

Precious Metals

Trading

Insight & Education

Partnership

About FPG

Empowering your trades with reliability!