The S&P 500 recorded its second-best week of the year, finishing with gains every day fueled by trade optimism and revised recession forecasts from major financial institutions. The index moved from an oversold condition to overbought within a month. Over the week ending May 16, 2025, the S&P 500 ETF ($SPY) gained 5.31%, the Nasdaq 100 ETF ($QQQ) rose 6.88%, the Dow Jones Industrial Average ETF ($DJI) increased 3.41%, and the Russell 2000 ETF ($IWM) advanced 4.54%. On May 15, the market saw a rotation out of Big Tech stocks into financials, health care, and industrial sectors. Daily performance showed volatility with a dip at the May 15 opening bell followed by gains by the close, and continued positive momentum into May 16. Despite the strong weekly performance, some market commentary noted a bear market remains a possibility. Gold also experienced notable movement during this period.