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S&P 500 Hits Record High, Up 15% Since March 30 Low

The move marks a sharp rebound in U.S. equities, with the source stating the benchmark index has gained 15% from its March 30 low.

Fact Check
The claim that the S&P 500 hit a record high and is up approximately 15% since its March 30 low is strongly supported by multiple independent, authoritative sources. The Kobeissi Letter (May 5, 2026) states the exact figures verbatim. WatcherGuru (May 6, 2026) places the record at 7,350. Reuters, CNBC, and Morningstar/MarketWatch all independently confirm the March 30 low as the rally's starting point and the subsequent record-high achievement. The minor uncertainty (7%) reflects that the precise 15% figure is a rounded approximation and the exact record level cited (7,350) may represent an intraday rather than closing high, but the core claim is well-corroborated.
Summary

The S&P 500 reached a new record high, according to the source, extending its recovery to 15% from its March 30 low. The update points to strong gains for asset owners as the benchmark U.S. stock index climbed back to all-time highs. The source provides no additional details on drivers, sector performance, or related crypto market impact.

Terms & Concepts
  • S&P 500: A benchmark U.S. stock index that tracks 500 large publicly traded companies and is widely used to gauge overall equity market performance.
  • Record high: The highest level an asset or index has ever reached in its trading history.