S&P 500 Closes at 7,575.39 as Sentiment Shift Bolsters Bulls

The S&P 500 closed at 7,575.39 on July 13, just 0.5% below its June 2 record after a 1.3% weekly gain that lifted year-to-date returns to 10.7%. The index first surged 1.7% in its strongest week in two months on July 6, then traded sideways while equal-weight breadth steadily improved and the index held above its 50-day moving average since June 29. Latest commentary highlights that equities historically perform best when the Fed holds rates steady, reinforcing the constructive macro backdrop and suggesting the recent sentiment shift could supply fresh buying power to push through overhead resistance.