Tech Looking For Back To Back 10%+ Monthly Gains

Financial Research, Money Management • May 28, 2026 at 5:51 PM EDT

The S&P 500 Technology sector is poised for back-to-back 10% monthly gains, a feat not seen since the 2009 post-crisis recovery.

The S&P 500 Technology sector gained more than 17% in April, and with one trading day left in May, it's currently up 12%.

The last time the Tech sector saw back-to-back 10%+ monthly gains was in March and April 2009 coming out of the Financial Crisis bear market.

Before 2009, the sector only had back-to-back 10%+ monthly gains four other times: Nov/Dec 1998, Nov/Dec 1999, Oct/Nov 2001, and Oct/Nov 2002.

Below is a look at where these huge two-month moves happened on a price chart for the sector going back to 1989:

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