The Nasdaq Composite clinched a new closing record on Monday, exceeding the peak from August 6, finishing up 1%.
It would have been a big deal if the S&P had hit a new record, and it might still in the next few days: Finally hitting the all-time high would mean that it took the S&P about five months to go from low point — during the pandemic selloff in March — to new record. The index, which is the broadest measure of America’s stock market, has been close to record territory for some time now, but it hasn’t managed to quite get there.
