The US stock market on Friday hit an all-time high, its first since mid-February. It marked the culmination of a remarkable recovery on Wall Street since flirting with bear market territory in early April.

The S & P 500 hit an all-time record high on Friday, extending breakneck gains achieved in recent weeks as investors shrugged off concerns about newly imposed tariffs and war in the Middle East. The S & P 500 climbed 0.3%, clocking in for the first time ever at 6,156.

Jeremy Siegel thinks the S&P 500 reaching more all-time-highs is a "foregone conclusion." Stocks have resumed their rally after the Israel-Iran ceasfire.