MacroAug 4, 2026, 3:38 PM

S&P 500 Surges Above 7,700 for First Time, Market Cap Tops $70 Trillion

The S&P 500 index crossed the 7,700 level for the first time ever, driving its total market capitalization above $70 trillion.

SPX

The S&P 500 achieved a historic milestone, breaking through the 7,700 mark in a broad-based surge. This push also lifted the index’s aggregate market value past $70 trillion for the first time.

Both thresholds underscore the scale of the rally that has carried U.S. equities to uncharted territory.

Source: The Kobeissi Letter

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