NEW YORK (AP) – The longest bull run in U.S. history is officially over after nearly 11 years.
The bull market officially ran from March 9, 2009, until Feb. 19, 2020, when it began the nearly 27% dive that has taken it into bear market territory as of Thursday. Investors saw a return of 529% based on the performance of the S&P 500, including dividends.
The amazing rally for stocks altered the make-up of the market, elevating technology stocks to a dominating position and lessening the weight of industrial and energy companies.
The bull survived a number of challenges but the coronavirus outbreak injected too much uncertainty for investors.
(Copyright 2020, The Associated Press. All Rights Reserved.)
