The S&P 500 neared its Feb. 19 peak and levels last seen before the onset of the crisis, when investors started dumping shares in anticipation of what proved to be the biggest U.S. economic slump since the Great Depression.
The market believes the economy will grow and that the pandemic will be overcome, said Tim Ghriskey, chief investment strategist at Inverness Counsel in New York. On Wall Street, the Dow Jones Industrial Average rose 0.94 per cent, the S&P 500 gained 0.35 per cent and the Nasdaq Composite dropped 0.16 per cent. The S&P was less than half a percentage point from a fresh record.
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so glad you'll never tell the whole story when stocks go up - so does poverty it's that simple