The S&P 500 has extended its historic weekly winning streak to nine consecutive weeks, propelled by a relentless artificial intelligence (AI) rally that has left other sectors in the dust. While the broader market celebrates repeated records, the divergence between tech giants and traditional industries is widening dramatically.

An Unprecedented Surge

The S&P 500's rapid rise history just entered rare territory, closing higher for a ninth straight week—a feat achieved only 10 other times since 1957. Over an exceptional eight-week window leading into late May, the index advanced 17.3%, marking its second-best eight-week stint ever.

This momentum carried into early June as a ninth-consecutive day of gains secured the index's longest daily winning streak in over a year.

The broader rally has pushed the Dow Jones Industrial Average and the Nasdaq Composite to fresh all-time highs alongside the S&P 500, marking the first time since February 2017 that all three indexes closed at records for five sessions in a row.

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