The S&P 500 is officially out of its 2020 bear market after hitting a new record high on Tuesday, and the massive rebound has been led by energy, homebuilding and retail companies whose shares have more than doubled over the last five months, according to Bloomberg data.
Homebuilders like Lennar , PulteGroup , D.R. Horton and home appliance company, Whirlpool , have all jumped amid strong demand for new homes as Americans move out of cities and into the suburbs.
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