S&P 500 Closes at New All-Time High
Continuing an impressive recovery from being depressed early in the coronavius pandemic, the S&P 500 index hit a new record high on Tuesday. The benchmark stock index recorded a 0.2% increase on the day to land at just under 3,390.
Despite widespread fears of a sustained, widespread sell-off of equities, the bear market triggered by the outbreak didn't last long. The S&P 500 recorded a queasy fall from its former high-water mark (3,386.15, recorded on Feb. 19) that lasted 33 days, a relatively short stint compared to other bear markets. On March 24, the index began rising again and has generally maintained an upward trajectory.
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Source Fool.com
