The S&P 500 closed at 7,580.06, reflecting a weekly increase of 1.43% and marking the index's ninth consecutive weekly gain. This upward trend was supported by a modest easing of Treasury yields following cooler core Personal Consumption Expenditures (PCE) data, alongside a slight weakening of the dollar. Additionally, gold prices rose to around $4,576. Investor sentiment was notably positive as investors reacted to hopes for a resolution to the ongoing Iran crisis, leading to a sharp increase in stock purchases. Historically, parabolic market moves tend to extend further than anticipated before experiencing a correction, with the final phase often yielding the largest gains.