On Thursday, the S&P 500 rose above the level that marked its exit from the longest bear market since 1948.
What are some key stats about Dow Jones Market Data?
The average bear market low to bear market exit is 61 trading days, including this bear market.
Under the criteria used by Dow Jones Market Data and other market watchers, a 20% rise from a recent low signaled the start of a bull market while a 20% fall signaled the start of a bear market. The market is always in a bull or bear market. The market does not hop into and out of either bull or bear every time it crosses the threshold again. It takes another 10% or 20% to move in the opposite direction to change the status.
The S&P 500 ended up in bear market territory. Will the rally of Big Tech ever spread to other stock markets?
A look by Dow Jones Market Data at median and average performance following past bear-market exits, based on data stretching back to 1929, is largely positive for periods from one month to a year see table below, but there s a lot of variability. What happened after exiting here a closer look at what happened to each person who exited the game.
The table shows that bear exits usually lead to durable bull markets, but not always.
In One Chart: Why stock-market bulls must beware of bogus bear-market bottoms As highlighted earlier by Sam Stovall, chief investment strategist at CFRA, of the 14 bear markets since WWII, only two exits - 2000 - 02 and 2007 - 09 produced exits that saw the S&P 500 quickly sink back into a bear market by declining more than 20%.
Big Tech's added bulk in the S&P 500 in 2023 outweighs the index's energy sector, DataTrek says.
Stocks were up in value Thursday after a rise in first-time jobless claims looked to reinforce expectations that the Fed will leave rates unchanged when it meets next week.
The S&P 500 rose 26.41 points, or 0.6%, to close at 4,293. 93, its highest close since Aug. 16.
The Nasdaq Composite Composite SXOM rose 1% to finish at 13.238. 52, while the DJIA climbed 168.59 points or 0.5% to close at 33,833. Its highest since May 1 is 61, its highest since May 1.
The Nasdaq ended a bear market on May 8, while the Dow ended its bear on Nov. 30.