Wall Street poised to mark record bull run, after S&P touches new intraday high
New York — Wall Street is poised to mark the longest bull run in the New York Stock Exchange’s 226-year history on Wednesday, after the S&P 500 index touched a record intraday high on Tuesday and equalled its longest bull run.The index’s bull-market run — a period of rising share prices without a 20% fall, which would indicate a bear market — is now 3,452 days old and on Wednesday is set to become the longest such streak in history. Only an extremely unlikely single-day drop of 20% would prevent the new milestone being reached.Stocks were buoyed on Tuesday by strong earnings reports in the consumer sector and relative calm in the trade dispute between the US and China — but could come under pressure on Wednesday.The S&P 500 rose as much as 0.6% to a record intraday high of 2,873.23 points, topping its previous record high of 2,872.87 on January 26, though it closed below both those marks.Late in the day, however, stock market futures fell after US President Donald Trump’s former per...
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