S&P 500 rises to a record close, fully wiping out its coronavirus losses
The S&P 500 rose to an all-time high on Tuesday, capping off its incredible recovery from the coronavirus-induced sell-off that knocked it off its previous record back in February.
The broader market index climbed 0.2% to 3,389.78, a record close. It also notched an intraday all-time high, reaching 3,395.06 earlier in the day. The S&P 500′s move into record territory came after the index flirted with its all-time closing high for more than a week. It also confirms the start of a new bull market.
The Nasdaq Composite also hit a record, climbing 0.7% to 11,210.84. The Dow Jones Industrial Average lagged, falling 66.84 points, or 0.2%, to 27,778.07 as Home Depot and Walmart both dipped despite strong earnings results.
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