Wall Street's 19-session journey back to all-time highs has been swift but healthy. The S & P 500 on Wednesday closed above 5,300 for the first time ever. One day later, the Dow made history by topping 40,000. Despite a slightly lower close Thursday and a mixed bag Friday, the market still was tracking to deliver strong weekly gains.
More important than those benchmark recoveries from last month's lows have been the tailwinds supporting the participation of more stocks and more sectors in the upswing. It's a positive sign when bull markets broaden out.
Source: News Formal (newsformal.com)
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