The stock market is this close to setting another record -- the shortest bear market in history

  • 📰 CNN
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 95%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

The S&P 500 could finish Tuesday at a new record high -- its first since the pandemic hit and exceeding its all-time high from February. That would mean it took Wall Street less than five months to go from nadir to new record.

New York The S&P 500 could finish Tuesday at a new record high -- its first since the pandemic hit and exceeding its all-time high from February. That would mean it took Wall Street less than five months to go from nadir to new record, and the 2020 bear market would be the shortest in history.

The magic closing number for the S&P 500 is 3,385.15. Monday's close was just 25 points, or about 0.7%, below that point.If all falls into place, the coronavirus bear market will have been the shortest ever at just 1.1 months, according to S&P Indices' Howard Silverblatt. It will almost certainly be the fastest recovery on record.Although the index is on track for a record, it doesn't meet everyone's definition of a new bull market just yet.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

I can’t believe you tweeted this. It goes against everything you stand for

When the S&P 500 hits new highs Trump always does something cocky. So be prepared readers.

Thank you President Trump. If the Democrats would work to gather and not make all decisions political for power think of where our country would be. That is why we nee 4 more years of Trump policies and take back the House from Pelosi who is using the people to regain power. Sad

Thank you Trump...or does Obama get credit on this

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:

 /  🏆 4. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

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

Stocks rise on Wall Street; S&P 500 within 1% of recordStocks closed mostly higher after shrugging off a bumpy start Monday, nudging the S&P 500 within striking distance of its all-time high. The gains come on the first trading day since President Trump announced several stopgap moves to aid the economy. What a joke MEANWHILE THE WORKING CLASS IS DYING BUT HOORAY STOCKS I GUESS Many of these 'stop gap moves' are questionable at best, many of which are possibly illegal.
Source: AP - 🏆 728. / 51 Read more »

Stocks rise, pushing the S&P 500 closer to its record highStocks are opening higher on Wall Street, pushing the S&P 500 closer to the record high it reached back in February. Has the fed begun to buy the 1.2 trillion in bonds? A racist in the WH, 20 million ppl out of work and the market approaching a yearly high, is peak 2020! Who cares about the stock market in a pandemic.
Source: ABC - 🏆 471. / 51 Read more »