S&P 500 hits record close in dramatic recovery
Wall Street's most closely followed index has surged about 55% since March
18 August 2020 - 23:55
New York — The S&P 500 closed at a record high on Tuesday, rebounding from huge losses triggered by the coronavirus pandemic and crowning one of the most dramatic recoveries in the index's history.
The record confirms, according to a widely accepted definition, that Wall Street's most closely followed index entered a bull market after hitting its pandemic low on March 23. It has surged about 55% since then...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.