S&P 500 Index Marks Longest Bull Run on Record
$SPY, $DIA, $QQQ, $RUTX
Wednesday, the major US stock indexes paused in trading, as the market marked the longest Bull run in history.
Gainers in technology stocks, retailers and energy companies outweighed losses in industrial firms and elsewhere in the market.
The S&P 500 held steady, finishing flat to unchanged. Investors had several headlines to work through, including criminal convictions of 2 former advisers to President Trump and the resumption of trade talks between the US and China.
The other major US averages
DJIA slid 0.3%, and the NAS Comp climbed 0.4%, marking its 5th straight advance, and the small-cap Russell 2000 ticked up 0.3%, closing at a new record high for the 2nd day running.
Tuesday, the S&P 500 index posted an all-time high intra-day. This Bull market began on 9 March 2009, is the longest on record surpassing the Run of the 1990’s.
While it is the longest on record, it lags others on the basis of magnitude, or the cumulative gain it has generated for investors.
As of Tuesday, the S&P 500 had climbed 323% over the current Bull market. By comparison, the Bull market that ran through much of the 1990’s and ended in March 2000 led to a 417% gainer for the S&P 500, according to S&P Dow Jones Indices.
While this Bull run is long, it could still go on longer because, magnitude-wise, it has room to run longer.
Overseas
In Europe: Germany’s DAX was flat, while France’s CAC 40 edged up 0.2%. The FTSE 100 index of leading British shares added 0.1%.
In Asia: Japan’s benchmark Nikkei 225 closed 0.6% higher. Australia’s S&P/ASX 200 lost 0.3%. South Korea’s Kospi rose 0.1%. Hong Kong’s Hang Seng added 0.6
Wednesday, the major US stock market indexes finished at: DJIA -88.69 at 25733.60, NAS Comp +29.92 at 7889.12, S&P 500 -1.14 at 2861.56
Volume: Trade on the NYSE came in at 558-M/shares exchanged
- NAS Comp +14.3% YTD
- Russell 2000 +12.2% YTD
- S&P 500 +7.0% YTD
- DJIA +4.1% YTD
Overall the HeffX-LTN technical analysis for the US major stock market indexes if Bullish
Stay tuned…
S&P 500 Index Marks Longest Bull Run on Record added by Paul Ebeling on
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Paul Ebeling