Key Points The S&P 500 has produced strong returns for investors in each of the last three years. It's not uncommon to see stocks pull back 10% or more, and it could happen again in 2026. This added condition makes it more likely that the S&P 500 could fall next year. 10 stocks we like better than S&P 500 Index › The S&P 500 (SNPINDEX: ^GSPC) is on track to produce another year of above-average gains for investors in 2025. After climbing 24% in 2023 and 23% in 2024, the index is up another 16% i ...