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%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

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.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 10. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

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.
Källa: BNNBloomberg - 🏆 83. / 50 Läs mer »