S&P 500 hits an all-time high — rebounding to its level when Trump's second term began

The S&P 500 closed Friday at a new record high — rebounding to just a few points above its level around the start of President Donald Trump’s second term

The S&P 500 closed Friday at a new record high — rebounding to just a few points above its level around the start of President Donald Trump’s second term.

The broad-based stock index, which tracks the financial performance of 500 leading U.S. companies, added about 0.5% Friday to trade at roughly 6,173 points. The previous closing high of 6,144 was set Feb. 19.

The Nasdaq Composite index, which largely represents tech firms, also hit a new all-time high Friday. The third major U.S. index, the Dow Jones Industrial Average, which tracks more established firms, has similarly round-tripped to near record levels since Trump retook office.

The fresh stock records point to the resilience of U.S. markets, which continue to enjoy global investor support thanks to their ability to generate outsize returns over the long run.

Yet the rebound has played out amid massive uncertainty sparked by a president who returned to office with expectations of boosting economic growth — and stock prices. Heading into 2025, the average Wall Street forecase for the S&P 500 was a gain of about 12% — with some projecting increases of as much as 20%.