S&P 500 extends winning streak to 6 weeks. What drove the stock market gains
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- S&P 500 closed the week up 2.3%, marking its sixth consecutive weekly gain, the longest streak since 2024.
- Nasdaq rose 4.5% for the week, also extending a six‑week winning streak.
- Oil prices fell, and U.S. Treasury yields declined, a combination that helped lift equities.
- U.S. nonfarm payrolls rose by 115,000 in April, beating expectations of 55,000, while the unemployment rate stayed at 4.3%.
- Whirlpool shares tumbled about 20% after cutting forward guidance and suspending its dividend.
Why it matters: Investors reap gains as equities climb, while energy producers see price declines; the market’s reliance on lower oil and yields makes it vulnerable to any escalation in the Iran‑U.S. conflict.
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