U.S. stocks are staging a remarkable two-day rally, but many analysts are calling the recent run a rally within a bear market
U.S. stocks are staging a remarkable two-day rally, but the worst likely isn’t over for the equities market.
Major indexes surged Tuesday for a second consecutive day on hopes that the spread of the coronavirus pandemic was slowing. The S&P 500 climbed 2.9% to 2740 in midday trading, building on its mammoth 7% gain from Monday. The index is on the cusp of exiting from a bear market by traditional definitions, based on its 20% jump from its March 23 low.
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