Crude Oil Rally Impacts S&P 500 Performance

A recent surge in crude oil prices has had a notable impact on the S&P 500's performance. Bespoke Investment Group posted on X that in four out of the seven previous weeks when crude oil experienced a rally of over 20%, the S&P 500 saw an increase. However, the median decline for all seven weeks was 1.2%. Currently, the S&P 500 is down by 1.5%, reflecting the ongoing volatility in the market.