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Sunday, September 27, 2020
HomeNewsMarketsS&P 500, NASDAQ Close at New Highs, Recovering COVID-19 Losses

S&P 500, NASDAQ Close at New Highs, Recovering COVID-19 Losses

Graphic concept of the S&P 500 (^SPX) trading up in the green for gains. (Photo: AdobeStock)
Graphic concept of the S&P 500 (^SPX) trading up in the green for gains. (Photo: AdobeStock)
Graphic concept of the S&P 500 (^SPX) trading up in the green for gains. (Photo: AdobeStock)

New York, N.Y. (PPD) — The S&P 500 (^SPX) and NASDAQ Composite (^IXIC) closed at new record highs, recovering all the losses in the wake of coronavirus (COVID-19).

The S&P 500 closed +7.79, or +0.23% at 3,389.78, a new record high after a bear market bottomed out on March 23. The proxy for U.S. equity markets is now +55%, and well into bull market territory. It’s the fastest recovery from bear market territory in the history of the index.

The NASDAQ Composite (^IXIC) closed +81.11, or +0.73% at 11,210.84. That’s the 34th record close of the year for the index.

The The Dow Jones Industrial Average (^DJI) fell -0.24%, or 66.84 points to close at 27,778.07. The Russell 2000 (^RUT) also closed down at 1,569.77, or 15.70 points (-0.99%).

Written by
Staff Writing Group

PPD Business, the economy-reporting arm of People's Pundit Daily, is "making sense of current events." We are a no-holds barred, news reporting pundit of, by, and for the people.

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