The S&P 500 is now in what Wall Street refers to as a bull market, meaning the index has risen 20% or more from its most recent low.WHY IT IS CALLED A BULL MARKET?Wall Street's nickname for a surging stock market is a bull market because bulls charge, said Sam Stovall, chief investment strategist at CFRA. In contrast, bears hibernate, so bears represent a market that's retreating.
Markets tumbled last year on fears about how the worst inflation in decades would ravage the economy. More precisely, Wall Street got spooked by the aggressive measures the Federal Reserve took to combat high inflation. Latest Headlines Is it a 'skip' or a 'pause'? Federal Reserve won't likely raise interest rates next week
Most of the gains for the S&P 500 this year have come from just a small group of stocks, which critics say is unsustainable. Apple , Microsoft and Alphabet , the companies with the highest market values in the S&P 500, all outpaced the index. Their huge size gives their movements extra weight on the index, while nearly half the stocks in the index have dropped so far in 2023.
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