In stunning turnaround, U.S. stocks close in on record high, end of bear market

In a comeback poised to muscle its way into financial history, U.S. stocks are preparing to leave the bear market behind.

If the S&P gains just a fraction of a percent by the closing bell, the bear market of 2020 will officially end and the bull market set in motion.In early afternoon trading, the S&P 500 had edged up 2.3 points, or 0.07 percent, to 3,382.70. The Dow gave up more than 50 points, or 0.2 percent, to trade above 27,926. The tech-heavy Nasdaq composite index, which has been buoyed by the tech giants and recently set its own record, advanced 75 points, or 0.7 percent, to nearly 11,082.

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