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The S&P 500 Just Went Up 9 Days in a Row. Here's What History Says Happens Next.
Can investors breathe a sigh of relief, or will stocks head back down from here?
If you've been investing for any time at all, you know stocks don't go up in a straight line forever. That reality has never been more clear than the last few months as the S&P 500 (SNPINDEX: ^GSPC) fell from its all-time high set in February with losses accelerating in early April.
The biggest reason for the sell-off last month was President Donald Trump's announcement on April 2 that he would impose a 10% global tariff on imports as well as substantial "reciprocal tariffs" on goods from much of the world. Following the news, the Dow Jones Industrial Average (DJINDICES: ^DJI) fell as much as 18.8% from its recent all-time high. The S&P 500 and Nasdaq Composite (NASDAQINDEX: ^IXIC) fell over 20% from their respective peaks, which briefly put them in a bear market, as many of the indexes' big tech stocks were hit hard by expectations that high tariffs will eat into profits.
