JUST IN: The S&P 500 closed at an all-time high for the first time since the coronavirus pandemic hit the United States, marking the Covid-19 driven downturn as the shortest bear market in history
New York The S&P 500 closed at an all-time high on Tuesday for the first time since the Covid-19 pandemic hit the United States.
The index, which is the broadest measure of Wall Street, had been hovering in record territory for days but repeatedly fell short of reaching the milestone. But Tuesday was finally the day. It close up 0.2%, the first record since February 19.The record is a big deal, because it means it only took Wall Street five months to go from the most recent trough -- after the pandemic selloff in March -- to a new peak. This would make the Covid bear market the shortest in history, at just 1.
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