US Indices Approach Best Weekly Performance in One Year

Apr 17, 2026 17:43 UTC

SPX, IXIC, DJI

Short term

Major US benchmarks, including the S&P 500 and Nasdaq, are trending toward their strongest weekly gains in twelve months. The rally has pushed both indices to new record highs following a recovery from March lows.

Dow, S&P, and Nasdaq heading for best week in 12 months
S&P 500 and Nasdaq have broken out to record highs
Significant recovery observed since March lows
Short positions are facing heavy losses due to the rally

US equity markets are exhibiting strong bullish momentum, with the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all positioning for their most successful weekly performance in a year. This surge marks a significant shift in market sentiment over a short period. This rally follows a recovery from lows recorded in March, which analysts describe as a historic run. The momentum has been sufficient to push both the S&P 500 and the Nasdaq Composite to new record highs, effectively erasing previous bearish concerns. In a recent note, Mizuho analyst Daniel O'Regan highlighted the stark contrast in market conditions over the last few weeks. The rapid ascent has placed significant pressure on short-sellers who had bet against the indices following the March dip. The current price action suggests a strong rejection of bearish theses as the indices continue to climb. Market participants are now focusing on the sustainability of these record highs as the weekly close approaches.