Stocks rose just enough for Wall Street to barrel into a new bull market Thursday as the S&P 500 keeps rallying off its low from last autumn.
The index rose 0.6% to carry it 20% above a bottom hit in October. That means Wall Street’s main measure of health has climbed out of a painful bear market, which saw it drop just over 25% over roughly nine months. That’s shorter than a typical bear market, and it also resulted in a shallower loss than average.
On Thursday:
The S&P 500 rose 26.41 points, or 0.6%, to 4,293.93.
The Dow Jones Industrial Average rose 168.59 points, or 0.5%, to 33,833.61.
The Nasdaq composite rose 133.63 points, or 1% to 13,238.52.
The Russell 2000 index of smaller companies fell 7.67 points, or 0.4%, to 1,880.78.
For the week:
The S&P 500 is up 11.56 points, or 0.3%.
The Dow is up 70.85 points, or 0.2%.
The Nasdaq is down 2.24 points, or less than 0.1%.
The Russell 2000 is up 49.87 points, or 2.7%.
For the year:
The S&P 500 is up 454.43 points, or 11.8%.
The Dow is up 686.36 points, or 2.1%.
The Nasdaq is up 2,772.04 points, or 26.5%.
The Russell 2000 is up 119.53 points, or 6.8%.
Before you make your next trade, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis.
Our team has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and none of the big name stocks were on the list.
They believe these five stocks are the five best companies for investors to buy now...
See The Five Stocks Here
Click the link below and we'll send you MarketBeat's guide to pot stock investing and which pot companies show the most promise.
Get This Free Report