The S&P 500 gained 0.2% on Friday, extending a nine-consecutive-week winning streak. Since the March 30 market bottom, the index rose 19.5%, adding about $11 trillion in value in roughly two months. Historical data show 10 prior nine-week winning streaks since 1945, while longer streaks are rarer. Earlier index compositions were dominated by industrials, with utilities and railroads much smaller. By 1985, the 400-40-40-20 structure still reflected a more balanced economy. Today, technology is about 35% of the index, with financials at 11%, consumer discretionary at 10%, industrials at 8.8%, healthcare at 8.5%, and consumer staples at 4.9%.
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