{"id":8673,"date":"2024-01-19T23:41:43","date_gmt":"2024-01-20T06:41:43","guid":{"rendered":"https:\/\/cbs26.com\/index.php\/2024\/01\/19\/sp-500-confirms-bull-market-with-legend-shut\/"},"modified":"2024-01-19T23:41:43","modified_gmt":"2024-01-20T06:41:43","slug":"sp-500-confirms-bull-market-with-legend-shut","status":"publish","type":"post","link":"https:\/\/cbs26.com\/index.php\/2024\/01\/19\/sp-500-confirms-bull-market-with-legend-shut\/","title":{"rendered":"S&#038;P 500 confirms bull market with legend shut"},"content":{"rendered":"<div>\n<p><img decoding=\"async\" alt=\"S&amp;P 500 confirms bull market with legend shut\" id=\"carouselImage\" src=\"https:\/\/i-invdn-com.investing.com\/trkd-images\/LYNXMPEK0I0Q9_L.jpg\"><span>&copy; Reuters. Merchants work on the ground at the Fresh York Stock Alternate (NYSE) in Fresh York Metropolis, U.S., January 19, 2024. REUTERS\/Brendan McDermid<\/span><i><\/i><\/p>\n<p>(Reuters) &#8211; The  confirmed on Friday that it has been in a bull market since October 2022, as it notched a legend high shut for the first time in two years.<\/p>\n<p>The session&#8217;s features had been fueled by chipmakers surging on AI optimism and investor bets that the Federal Reserve will in the low cost of passion charges in 2024. <\/p>\n<p>The benchmark&#8217;s contemporary legend high shut confirms that the S&amp;P 500 ended a undergo market when it closed on Oct. 12, 2022, and that it has been in a bull market since then, consistent with one measure. <\/p>\n<p>The S&amp;P 500 had lost nearly 25% in a dump between its last legend high on Jan. 3 2022 and its low in October 2022.<\/p>\n<p>On Friday, S&amp;P 500 climbed 1.2% on the day to total at 4,839.81 functions, exceeding its old legend shut of 4796.56 on Jan. 3, 2022.<\/p>\n<p>The S&amp;P 500&#8217;s most most modern downswing and restoration modified into primarily primarily based on the median time of nearly two years between legend highs for the reason that 1920s, consistent with LSEG.<\/p>\n<p>The , which additionally hit a legend closing high on Friday, had already confirmed on Dec 13, 2023 that it had been in a bull market since Sept. 30, 2022.<\/p>\n<p>In the meantime, while the  recovered 43% in 2023, it will desire to rise one other 4.8% to return to its legend high shut of 16,057.4437, reached on Nov. 19, 2021. <\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/www.investing.com\/news\/economy\/sp-500-confirms-bull-market-with-record-close-3278680\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u00a9 Reuters. Merchants work on the ground at the Fresh York Stock Alternate (NYSE) in Fresh York Metropolis, U.S., January 19, 2024. REUTERS\/Brendan McDermid (Reuters) &#8211; The confirmed on Friday that it has been in a bull market since October 2022, as it notched a legend high shut for the first time in two years.<\/p>\n","protected":false},"author":1,"featured_media":8674,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>S&amp;P 500 confirms bull market with legend shut - CBS26 Arizona<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cbs26.com\/index.php\/2024\/01\/19\/sp-500-confirms-bull-market-with-legend-shut\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"S&amp;P 500 confirms bull market with legend shut - CBS26 Arizona\" \/>\n<meta property=\"og:description\" content=\"\u00a9 Reuters. Merchants work on the ground at the Fresh York Stock Alternate (NYSE) in Fresh York Metropolis, U.S., January 19, 2024. 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