Well, that was quick!
FILE PHOTO: The"Fearless Girl" statue is seen outside the New York Stock Exchange in the Manhattan borough of New York, U.S., May 26, 2020. REUTERS/Mike Segar/File Photorecord closing high on Tuesday confirmed that the coronavirus-fueled bear market of 2020 was by far the shortest ever.
Measured from the benchmark’s previous record high on Feb. 19 to its trough on March 23, the pandemic-induced bear market lasted a mere 33 days, compared to the median age of 302 days of 20 bear markets going back to the 1920s, according to Yardeni Research data.By one commonly used definition, a new bull market in the S&P 500 began when the index bounced from its March 23 low, supported by trillions of dollars in stimulus from U.S.
Wall Street’s dramatic bounce over the next five months saw the S&P gain some about 55% in the face of widespread economic devastation and a resurgence of the coronavirus pandemic in parts of the United States. In June, the Nasdaq became the first of the three major U.S. stock indexes to reclaim all-time highs, powered by gains in the shares of big technology-related companies that prospered during COVID-19 lockdowns, including Amazon.com Inc (
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
S&P 500 rises to start the week, but comes up just short of a record closeThe S&P 500 rose slightly on Monday as the index tried to build on last week’s gain and attempted to break its February record high. Here's how the major averages performed: - The Dow fell 85 points. - The S&P 500 rose .27%. - The Nasdaq gained 1%.
Read more »
S&P 500 closes 0.1% from record high after climbing on tech-sector strength | Markets InsiderUS stocks climbed on Monday as investors weighed fresh capital injections from the People's Bank of China. The central bank added 700 billion yu...
Read more »
Arizona-made electric car to get 500-plus miles on single charge, manufacturer saysLucid Motors said it has received independent verification that its luxury Air will receive 517 miles on one charge, which would make the sedan the longest-range electric vehicle to date.
Read more »
Goldman sees S&P 500 surging to 3,600 by end-2020A potential COVID-19 vaccine and bets of an economic rebound in 2021 will lift the S&P 500 to 3,600 by the end of the year, Goldman Sachs said, bumping its target for the index by 20% as it trades within striking distance of a record high.
Read more »
What to watch today: S&P 500 takes aim again at February's record closeU.S. stock futures are steady Monday, with the S&P 500 less than 1% away from its Feb. 19 record close.
Read more »
Malaysia launches 500 million ringgit sukuk for COVID-19 recoveryMalaysia's finance ministry on Tuesday launched a 500 million ringgit ($119.45 million) sukuk as part of the government's efforts to raise funds for their coronavirus economic recovery plan.
Read more »