The stock markets in New York closed on Friday with a significant increase, as the S&P 500 gained 22.5 percent over the past 15 weeks. This index measures the development of the 500 largest companies in the United States, and its growth is being hailed as historic. According to Dow Jones Market Data, the S&P 500 has risen in 14 out of the last 15 weeks, surpassing a similar winning streak seen only once before in 1972 under President Richard Nixon.
The S&P 500 has been performing exceptionally well lately, with gains of 22.1 percent over a period of just 15 weeks. This is the largest consecutive gain for the index since August 28, 2020. On Friday, the index broke through its previous high of $4,988 to top $5,006 for the first time ever. Other U.S. stock indexes are also showing historically high gains during this time period. For example, the Nasdaq Composite has had gains similar to those of the S&P 500 for nearly every week over the past year and a half, and only one other time in its history has it had such an extended period of success (in September-October of