The S&P 500 reached its highest closing level on record this week, finishing the period with a 3.6% increase. This upward trajectory represents a significant milestone for the benchmark index as it surpasses all previous valuation peaks.
In total, the index added $2.5 trillion to its aggregate market capitalization over the course of the week's trading sessions. This massive influx of value highlights a period of intense buying activity that propelled the broad market to its new historic high.