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S&P 500 bull market stays strong despite tech selloff and oil spike
The S&P 500 is up 95% since end-2022, and since its April 2025 low it has gained 51%, even after five straight sessions of broad declines.
Stocks have come under pressure amid summer trading conditions and growing concerns about potential Fed rate hikes, with the tech-heavy Nasdaq Composite taking a bigger hit than the broader market, according to analysis shared by Yahoo Finance.
Goldman Sachs data cited by Yahoo Finance shows the S&P 500 is up 95% since the end of 2022, ranking the current bull market among the strongest 10% at this stage since 1928. The same analysis says that after three-and-a-half years, the median bull market has gained about 35%, while the top 25% have added roughly 50% over the comparable period.
Since the April 2025 low, the S&P 500 has risen 51%, the outlet said, even as the past five trading sessions have turned into a multi-sector selloff. The memory chip sector has been hit hardest after recent parabolic gains, with semiconductor stocks losing about $1.5 trillion in market value since June 25 alone, including declines of roughly $350 billion in Micron’s market cap and more than $100 billion each for Sandisk, Intel, Applied Materials, and Lam Research.
Yahoo Finance also pointed to other pressures on markets, including President Trump’s announcement about reinstating what he called a blockade on Iranian shipping through the Strait of Hormuz, which sent oil prices higher and added to the sell-off. It noted that Netflix shares fell about 8% in early trading after the streaming company reported its second straight less-than-stellar quarter, adding to investor concern heading into the week.
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