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S&P 500 Hits 7,500 for First Time After $10.9 Trillion Gain

According to the source, the index reached 7,500 for the first time after a seven-week rally, rising 19% from its March 30 bottom and adding about $10.9 trillion in market value.

Fact Check
The primary source is the Kobeissi Letter X post (May 13, 2026), which explicitly states all key figures: highest-ever close, +18% from the March 30 low, and +$10.4 trillion in market cap over 6 weeks. This is strongly corroborated by Reuters, CNBC, Yahoo Finance, and Morningstar, all of which independently confirm the March 30 low as the starting point and the S&P 500's successive record-high closes through April and May 2026. Mid-April sources cited gains of ~12-14% from the same March 30 low, consistent with the rally growing to 18% by May 13. The $10.4 trillion market cap figure is specific to the Kobeissi Letter and not independently verified by a second source in this run, which introduces minor uncertainty, but the overall claim is well-supported. No conflicting evidence was found.
Summary

The S&P 500 reached 7,500 for the first time, extending a powerful seven-week rally that the source says added about $10.9 trillion in market value. The index is reported to be up 19% from its March 30 bottom, while earlier updates noted a record closing high, S&P 500 futures at fresh record levels, and a prior estimate of roughly $10.4 trillion added over six weeks, later revised to nearly $11 trillion over seven weeks. The reports are not crypto-specific, but the strength in U.S. equities is closely watched by digital asset traders as a signal for broader risk appetite and liquidity.

Terms & Concepts
  • S&P 500: A major U.S. stock index that tracks 500 large publicly traded companies and is widely used to gauge market performance.
  • S&P 500 futures: Derivative contracts tied to the S&P 500 index, used to track or hedge expected stock market moves before regular trading hours.
  • Market capitalization: The total value of a company or index's listed stocks, calculated using share price and shares outstanding.