The S&P 500’s surge toward 7,000 marks its longest monthly winning streak since 2017–2018, with Fed minutes and Trump’s potential chair nomination in focus.
The S&P 500 is less than 1% away from the 7,000 mark, heading for its eighth consecutive monthly gain, the longest streak since 2017–2018. Year-to-date, the index has risen about 18%, while the Nasdaq has gained 22%. Investors are watching next week’s Federal Reserve meeting minutes for clues on interest rate policy, as well as the potential nomination of a new Fed chair by U.S. President Donald Trump.