Business
Wall Street hits new record high to cap stunning comeback – Sydney Morning Herald
The S&P 500 climbed to a fresh record, surpassing a level hit in February before the coronavirus crisis and crowning one of the most dramatic recoveries in the index’s history.
The S&P 500 flirted with all-time highs for several sessions before finally hitting a new record, raising questions about whether this run of gains could last.
“It begs the question whether the S&P will continue to make broader-based highs, not just in the technology space,” said Keith Buchanan, portfolio manager at GLOBALT Investments in Atlanta. “Is there enough participation outside of the technology to drive new highs?”
In mid-afternoon trade, the Dow Jones Industrial Average is fl…
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