By the time New York stock markets closed on Friday, the S&P 500 had risen as much as 22.5 percent over the past 15 weeks.
Americans the stock markets have recently been on a historic rise.
After the stock markets closed on Friday, the S&P 500 index, which describes the price development of the 500 most important companies in the United States, had risen by as much as 22.5 percent during the last 15 weeks.
According to Dow Jones market data, the S&P 500 index has risen in no less than 14 weeks in the last 15 weeks. The last time the index has seen a similar winning streak was in early 1972. That was when he was president of the United States Richard Nixon.
The S&P 500 index is now up 22.1 percent over 15 weeks. That’s the biggest consecutive gain for the index since the period ending August 28, 2020, financial media Marketwatch tells.
The S&P 500 crossed 5,000 for the first time on Friday.
Also other US stock market indices have been at a historically high pace.
The technology-focused Nasdaq Composite index has risen like the S&P 500 for 14 weeks in a 15-week period.
As for the Dow Jones DJIA, such a long rising period has only been seen 14 times since the establishment of that stock exchange in the 19th century, Marketwatch says.
US stock markets have been rising since the end of October. That’s when the S&P 500 hit five-month lows.
Stock exchanges have confirmed the improved earnings of companies and especially large technology companies, and above all the fact that the US central bank has stopped raising interest rates and that interest rates are expected to decrease in the future.
Investors also seem to be inspired by the potential efficiency improvements in companies brought by artificial intelligence.
Last year, the market was prepared for the coming of a recession, but so far economic growth has been allowed to continue. That’s why the American stock markets have been on the rise for 14 months already.