The S&P 500 index has rallied nearly 305 percent since hitting a closing low of 676.53 on March 9, 2009. AFP / Bryan R. Smith
Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
The bull market for stocks turns 9 years old Friday and, despite being long in the tooth, appears poised to set the record as the longest in history, buoyed by global economic growth and stronger company earnings.Gains are expected to continue as global economies are in a period of synchronized growth after years of dealing with the aftereffects of the Great Recession.With fourth-quarter earnings reporting nearly complete, S&P 500 companies scored growth of 15.3 percent, according to Thomson Reuters data. That growth rate is currently expected to be topped in each quarter in 2018, highlighted by earnings growth of 21.9 percent in the third quarter.Data in January on climbing wages sparked a quick rise in yields on the 10-year U.S. Treasury note toward 3 percent and pushed the S&P 500 down more than 10 percent in a nine-day span.
FOLLOW THIS ARTICLE