S&P 500 Closes Above 7,000 for First Time Ever; Nasdaq 12-Day Win Streak

The S&P 500 closed at 7,022.95 on April 15, 2026, crossing the 7,000 level for the first time in history. The Nasdaq simultaneously notched its 12th consecutive positive session — the longest winning streak since 2009. Markets surged despite the active US naval blockade of Iran, driven by AI/tech stocks (which account for roughly half of S&P 500 market capitalization) and optimism that a second round of US-Iran peace talks would produce a deal before the ceasefire expired on April 21. The rally represented a remarkable reversal from the approximately 9-10% selloff that followed the April 6 Section 232 tariff escalation, with the S&P recovering to record highs within just 10 days.