S&P 500 On Track for 7th Straight Weekly Win Despite Friday Yield Spike

The S&P 500 stands poised to notch a seventh consecutive weekly gain—the longest since late 2023—near records around 7,399, despite a Friday pullback as 10-year yields hit 4.6% and oil topped $105/bbl. From March lows near 6,869, it rocketed 10.5% in April (best month since 2020) on AI megacap strength (Alphabet net income +81%, Amazon +77%) and April jobs beat (+115k vs. +65k expected). Q1 earnings wrapped with ~90% beats, 27% YoY EPS growth, and forward P/E compressing to 21.4 from 22.2 amid soaring sales/margins in Micron, AMD, Super Micro.