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S&P 500 closes at a record, erasing last of pandemic losses - Black News Channel

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By Stan Choe, Alex Veiga and Damian J. Troise AP Business Writers Wall Street clawed back the last of the historic, frenzied losses unleashed by the coronavirus, as the S&P 500 closed at an all-time high Tuesday. The benchmark index notched a modest 0.2% gain to beat its previous record high set on Feb. 19, before the pandemic shut down businesses around the world and knocked economies into their worst recessions in decades. The S&P 500's milestone caps a furious 51.5% rally that began in late March. Tremendous amounts of aid from the Federal Reserve and Congress helped launch the […]

The post S&P 500 closes at a record, erasing last of pandemic losses appeared first on Black News Channel.

Source: Black News Channel - Black News Channel

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