The S&P 500 is just a breath away from a bull market

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The S&P 500 is sitting just at 4,288, and if it finishes the day above 4,292.44, it will be more than 20 per cent above where it was in mid-October. That would mean Wall Street’s main measure of health has transformed from its frigid “bear market,” when it fell more than 20 per cent over nine months, into a powerful bull.Canada's best source for investing news, analysis, and insight on investment strategies, stocks and more.

Both were close to US$120 a year ago, and their prices have fallen on worries that a strapped global economy would burn less fuel. Monday’s rise helped stocks of U.S. energy companies to lead the market, and Devon Energy climbed 2 per cent.

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S&P 500 set to enter bull market - BNN BloombergThe S&P 500 Index is heading toward a bull-market milestone after stocks rallied back from last year’s lows on optimism the Federal Reserve is nearing the finish line of its interest-rate hikes.
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