The S&P 500 closed at a fresh all-time high of 7,599.9 and is on track for its first 10-week winning streak since 1985. According to the source, the rally has added $11.7 trillion in market capitalization since March 30. The move underscores broad strength in U.S. equities and is closely watched across markets because record highs in the benchmark index can signal stronger investor risk appetite, influencing sentiment in other asset classes including cryptocurrencies.