S&P 500 Breaks Record After Sharp Seven-Week Rebound
Share:
The S&P 500 hit a record 7,500.14 after a seven-week rebound from the March 30 low near 6,300, rising about 19% and adding roughly $10.9 trillion in market value while the Nasdaq rose about 28% and Nvidia gained 38%. This roughly $11 trillion reflow into risk assets creates a strong risk-on backdrop likely to support crypto and DeFi activity, lift CEX/DEX volumes, token performance and fundraising and accelerate adoption, though it also elevates market and security risk.
Predictions Markets
See what traders are focused on
- The Kobeissi Letter said the S&P 500 reached 7,500 for the first time in history.
- U.S. stocks added roughly $10.9 trillion in market value over seven weeks.
- The bull theory said the Nasdaq rose 28%, while Nvidia gained 38% during the rebound.
The S&P 500 has crossed 7,500 for the first time in history after a sharp seven-week rebound from its March 30 bottom. The Kobeissi Letter said the index is now up about 19% from that low, adding roughly $10.9 trillion in market value.
The move adds another milestone to one of the strongest U.S. equity recoveries of the year. Bull Theory said about $11 trillion has flowed back into U.S. stocks in the last 45 days, with the Nasdaq and Nvidia leading the wider reversal.
S&P 500 Breaks Record Level
The Kobeissi Letter chart showed the S&P 500 rising to 7,500.14 after a steep recovery from the March low near 6,300. The index…
Read The Full Article S&P 500 Breaks Record After Sharp Seven-Week Rebound On Coin Edition.
Read More
5 Altcoins Stand to Gain From Tokenized Stocks, Grayscale Says
