It’s been 100 trading days since the S & P 500 reached its post “liberation day” closing low. The gains have been astonishing. The benchmark index is up nearly 29% in that time. Since 1950, there have been just four instances in which the S & P 500 has seen a larger return over a 100-day rolling period, a CNBC analysis found. The leader is no surprise: Technology. Over the past 100 trading days, the S & P 500 tech sector has soared more than 48% as investors continue piling into the artificial intelligence trade. Communication services and consumer discretionary stocks are also up more than 30% in the same time. Wall Street’s sharp recovery is largely due to expectations of Federal Reserve rate cuts along with some progress on the global trade front. Take a look below at the top 15 S & P 500 performers since the April low. What’s next for stocks? If history is any guide, there may be more upside ahead. Carson Group’s Ryan Detrick said in a post on X that the S & P 500 averages an 8.1% gain six months after such a strong 100-day performance. One year out, that average increase expands to 12.9%. To be sure, Wall Street also faces a slew of challenges right now , ranging from seasonality to questions over the Fed’s independence to rising bond yields in the U.S. and abroad. Stocks are already feeling the heat after selling off to start the new month. And while a favorable ruling for Google-parent Alphabet is soothing some of Tuesday’s wounds, the antitrust decision does nothing to ease the headwinds facing investors heading into the fall.
