News Formal

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

  • 📰 nationalpost
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 80%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

If the S\u0026amp\u003BP 500 closes above 4,292.44 if will have gained 20% since its October low, transforming from a bear market into a bull. Read more

Play Video

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 10. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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.
Source: BNNBloomberg - 🏆 83. / 50 Read more »