US stock market sets record-long bull run
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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.
What does this mean for investors? For those who invested when the market was at or near the bottom, their pocket books should be heavier. While the S&P 500 gained about 323 percent, the biggest gainers among current S&P 500 constituent stocks saw far larger gains. Top-ranked GGP returned over 7,000 percent, so far, in this bull run.
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