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S&P 500 and Nasdaq Close at Record Highs

Credit: Wibbitz Top Stories
Published on April 23, 2019 - Duration: 00:58s

S&P 500 and Nasdaq Close at Record Highs

S&P 500 and Nasdaq Close at Record Highs The S&P 500 finished more than three points above its closing high at 2,394.

The Nasdaq composite closed almost 10 points above its previous high at 8,120.

The closings represent a bounce back after heavy losses on December 24.

The losses followed the longest ever bull run of the market and nearly pulled the Nasdaq into bear-market territory.

A bear-market occurs when the market declines at least 20% following a peak.

The current bounce back was powered by health-care and consumer-discretionary sector gains.

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