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May 24, 2016

This unloved bull market expected to move higher

  • After a horrendous start to the year, stocks have shown remarkable resilience and have clawed back the ground they lost since 2016 began.
    • By STAN CHOE
    AP Business Writer

    NEW YORK — Saturday was the one-year anniversary of the stock market's record high. And no, you didn't miss the party, because no one seems to be in the mood to celebrate.

    The Standard & Poor's 500 index reached its latest high of 2,130.82 exactly one year ago. Since then, it's come close to beating it, only to veer lower, sometimes sharply. Last month it came within about 1 percent of the record, but then more jitters about the economy and fears that the Federal Reserve could raise interest rates in June set in.


     
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