S&P 500 Extends 200-Day Average Rise to 329 Sessions as Bond Yields and Oil Top $90
Updated
Updated · Yahoo Finance · Sep 8
S&P 500 Extends 200-Day Average Rise to 329 Sessions as Bond Yields and Oil Top $90
2 articles · Updated · Yahoo Finance · Sep 8
Summary
329 consecutive sessions of gains in the S&P 500’s 200-day moving average mark the fourth-longest such streak of the past decade, reinforcing the index’s long-term uptrend despite growing correction fears.
Since 1999, the benchmark has delivered an average 8.5% annual return when that moving average is rising, and strategists say improving earnings momentum still supports further gains into year-end.
Those gains may be more muted than in the first half as the 10-year Treasury yield hits its highest level since 2023 and the 30-year yield hovers near a two-decade high.
Oil above $90 a barrel adds another headwind, with Goldman Sachs warning prices could reach $120 if attacks around the Strait of Hormuz cause wider transport disruptions.
The current run follows a 460-session streak that ended briefly in April 2025 after Trump’s 'Liberation Day' selloff; combined, the advance spans about 800 sessions, among the longest since 1990.