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S&P 500 extends winning streak to seven weeks, led by tech giants amid market rotation and rate concerns.

Market News
16 May 2026
Seeking Alpha
View Source
Bullish
pluang ai news

The S&P 500 achieved its seventh consecutive weekly gain, driven by strong performances in large cap growth stocks, energy, commodities, and cybersecurity sectors. Key contributors include major tech companies like NVIDIA, Apple, and Microsoft, which now represent over half of the index's total gains. Meanwhile, investors rotated out of small caps, value stocks, REITs, and international equities. The market faced a selloff on Friday due to rising interest rates, higher energy prices, and uncertainty over Federal Reserve policies, prompting investors to adjust expectations for future rate cuts.

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