S&P 500 Eyes Its Best Eight-Week Stretch in 6 Years

Traders are seeing some of the biggest two-month windfalls on stocks since 2020. Bolstered by optimism about IPOs, hefty profits posted by U.S. companies, and a ceasefire in the Iran war, the S&P 500 has gained about 18% over the last eight weeks, its largest eight-week percentage gain since the week ending May 29, 2020, according to Dow Jones Market Data. The S&P 500 was 0.6% higher on Friday.