Winning, Winning, Winning! S&P 500 Sets New All Time High on Wednesday
Wow – that was quick. The US markets are already back again to all-time highs!
Today the S&P 500 broke another all-time high record. This was the first all-time high since February before the China coronavirus hit and the US went into voluntary lock downs.
Yahoo News reported today:
Stocks jumped Wednesday, and the S&P 500 briefly rallied above 3,386.15 Wednesday afternoon to eclipse its record closing high from February 19. The blue-chip index has now climbed about 50% from its March low.
Leadership in the S&P 500 flipped back to the technology and health-care sectors, unwinding a rotation into cyclicals that had begun last week. Apple (AAPL) and Microsoft (MSFT) led gains in the Dow, and the Nasdaq outperformed.