The S&P 500 rose above 7,000 in intraday trading, reclaiming all losses recorded after the conflict that began on February 28. The Nasdaq also kept advancing and has now logged gains for 10 consecutive trading days, its longest streak since 2021. Even with geopolitical uncertainty still in view, US equities continued higher as traders shifted back toward risk assets.
A full rebound from the late-February selloff
According to the report, in early Thursday trading on April 16, Taiwan time, the S&P 500 moved through the 7,000 threshold, marking its highest level since late January, when it was around 6,978. In late February, the index had fallen about 10% after military action involving Iran triggered a sharp market reaction. As expectations grew that the conflict would remain contained and talks would move ahead, the benchmark staged a fast V-shaped recovery. By Monday the 14th, it had largely recovered the wartime drop, and the latest advance pushed that rebound even further.
Tech shares remain the engine of the move
The Nasdaq has shown stronger momentum. A 10-session winning streak points to continued concentration in technology names, especially stocks tied to the AI trade. The report cited companies such as NVIDIA as part of the ongoing computing-power narrative supporting the market. The leadership is clear. Tech remains at the center of this rally.
Four factors shaping the latest rise
Wall Street analysts cited four main drivers behind the market's resilience. One is optimism around US-Iran talks, even though the first round did not go smoothly. Another is the retreat in oil prices from their earlier war-driven spike, easing concerns over a second wave of inflation pressure. A third factor is a solid start to earnings season, with bank results offering a stable opening signal. The fourth is a historical pattern often seen in geopolitical shocks: selloffs tend to be sharp but short-lived, and once panic fades, attention returns to fundamentals and earnings expectations.
Analysts also warned that volatility could return if the next stage of talks fails to produce meaningful progress.