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 percent to carry it 20 percent 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 percent 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 percent, to 4,293.93.
The Dow Jones Industrial Average rose 168.59 points, or 0.5 percent, to 33,833.61.
The Nasdaq composite rose 133.63 points, or 1 percent to 13,238.52.
The Russell 2000 index of smaller companies fell 7.67 points, or 0.4 percent, to 1,880.78.
For the week:
The S&P 500 is up 11.56 points, or 0.3 percent.
The Dow is up 70.85 points, or 0.2 percent.
The Nasdaq is down 2.24 points, or less than 0.1 percent.
The Russell 2000 is up 49.87 points, or 2.7 percent.
For the year:
The S&P 500 is up 454.43 points, or 11.8 percent.
The Dow is up 686.36 points, or 2.1 percent.
The Nasdaq is up 2,772.04 points, or 26.5 percent.
The Russell 2000 is up 119.53 points, or 6.8 percent.
Friends Read Free