NEW RECORD: U.S. Stocks Enter Longest Bull Market Run In History
By Leia Klingel, Fox Business // August 22, 2018
ABOVE VIDEO: Former Obama economic adviser Austan Goolsbee on the financial crisis and the debate over who gets credit for the historic bull market run.
(FOX BUSINESS) – U.S. stocks turned in a lackluster performance Wednesday, but this session goes down in the record books as the day that marked the longest bull market run in history.
The current bull market began on March 9, 2009, when the S&P 500 was at 676 points, hard hit by the Great Recession.
Nine and-a-half years later, and the S&P 500 has rallied about 323 percent. The tech-heavy Nasdaq Composite has been the biggest winner, with a 611 percent gain, a clear testament to the strength of the tech sector.
The Dow Jones Industrial Average has appreciated about 300 percent.
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