S&P 500 Hits New All-Time High Near 7,138 After Q1 Plunge

The S&P 500 is trading near 7,137.90, up 1.05% at a new all-time high following a sharp April rebound. It suffered a rocky 2026 start with an 8% slide amid the Iran war, posting its worst Q1 since 2022 at -5.1%, before surging 12% from late-March lows. Mixed signals persist: Q4 GDP grew just 1% with inflation above 2%, but strong earnings buoy upside hopes. Midterm years average ~5% returns historically, with 30% post-low bounces per Carson Wealth—though risks loom.