The S&P 500 had its highest closing on record on Tuesday, marking a fantastic resurgence for stock markets since the rout last year.
Despite poor macro-economic data and slumping earnings expectations, investors extended a months-long recovery, reassured in part by recent dovish signals from central banks. The benchmark closed the day 0.9% higher at 2,933.7. The S&P 500 is up 17% this year, and up 25% from its nadir on December 24 2018.
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