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%).