S&P 500 enjoys sharpest rally since 1987

clock

US stocks on the S&P 500 have made their best start to the year for 25 years, according to data from Bloomberg.

The S&P 500 has enjoyed a sharp rise in 2012, and is up 4.01% after yesterday's strong run. The index gained over 1% to finish the session at 1,308.04, the gains mean at its current level it has achieved the best start to a year for a quarter of a century, according to Bloomberg. Back in 1987, the S&P 500 enjoyed an even more impressive start to the year, with shares rallying over 10% in the first 11 days of trading. Positive data from the US economy has boosted sentiment among investors, with growth of 1.8% for Q3. Analysts expect a jump of 3.5% when the next set of growth figures...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Economics

Trustpilot