- The S&P 500 closed at a record high on Friday.
- That erases any doubt about if this is the longest-running bull market in histroy.
- The benchmark index hit a record on Wednesday, but didn't close at a new high.
The S&P 500 closed at a record high on Friday, solidifying the bull market as the longest of all time.
The benchmark index gained 0.62% to settle at 2874.69, eclipsing its January record-high close of 2872.87. Friday's gain was significant as it left no doubt that we are now in the midst of the longest-running bull run in US stock market history.
After an intraday record high was hit on Wednesday, some on Wall Street suggested the record technically wouldn't fall until the index closed at a new high.
Friday's biggest S&P 500 gainers included Autodesk (+15.13%), AMD (+7.49%), and Netflix (+5.63%) while Foot Locker (-9.21%), Gap (-8.54%), and Macy's (-4.33%) lagged.
Now read:
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- It looks like 'Y2K all over again' for stocks as evidence of an imminent crash continues to pile up
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