NEW YORK—The year 2020 was a wild one for Wall Street, bookended by the end of the longest bull market in history with the battering of equities by the COVID-19 shutdowns, and a bungee-cord rebound on hopes for an economic recovery that resulted in the shortest bear market on record.
After closing at a record high on Feb. 19, stocks suffered a month-long plummet as the coronavirus pandemic and related government lockdowns sowed panic about the damage to the economy in the United States and globally.