Wall Street's Bull Market Nears Three Years Old; History Shows It May Still Have Life
The U.S. stock market's bull run is almost three years old, but if history is a guide, that would make it only middle-aged.
The S&P 500 has set a series of record highs in the lead-up to Sunday's anniversary of the start of the bull market on October 12, 2022. On that date three years ago, the benchmark U.S. stock index marked its lowest close for the current market cycle following a bout of monetary tightening by the Federal Reserve.
Since then, a surge in technology and other megacap stocks has propelled the index up nearly 90%. That gain is still shy of the average rise of over 170% among 14 prior bull markets since 1932, according...
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