The S&P 500 bull market reaches its fourth anniversary, with the index continuing to rise as it moves into its fifth year. Several outlets cite the S&P 500’s gains of roughly 118% to nearly 120% since its closing low on Oct. 12, 2022.

While the anniversary marks a milestone for investors who have benefited from the rally, some coverage focuses on whether the next year will be harder. CNBC notes that reaching a “fifth birthday” could be challenging, reflecting how market performance often shifts after longer runs. Other articles largely emphasize the scale and durability of the rally as it celebrates the four-year mark, while not detailing specific catalysts or changes in underlying fundamentals.

Overall, the reporting agrees on the timing and magnitude of the bull market’s progress, but differs in emphasis: some highlight the anniversary as a measure of momentum, while others point to historical patterns and near-term uncertainty as the market enters year five.