The S&P 500 is in a bull market. Here’s what that means and how long the bull might run
The Associated Press
The S&P 500 is now in what Wall Street refers to as a bull market, meaning the index has risen 20% or more from its most recent low.
The S&P 500 closed Thursday at 4,294, and the bull market is considered to have begun on Oct. 13, 2022, a day after the index closed at 3,577.
The rally was driven by a small group of mostly high-valued technology stocks.
Wall Street’s nickname for a surging stock market is a bull market because bulls charge.
In contrast, bears hibernate, so bears represent a market that’s retreating.
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6/8/2023 4:59:18 PM (GMT -5:00)