The S&P 500, the most important US stock market index on which Apple, Amazon and Microsoft, among others, are listed, ended at a record high on Tuesday. At the close of the stock exchange, the index recorded a position of 3,389.78 points.
That is a few points above the previous high, which dates back to the precorona era, on February 19 this year. Earlier on Tuesday, the important indicator reached an even higher level.
The S&P 500 is quickly recovering from the initial blow it took from the outbreak of the corona pandemic. Since March 23, the index has risen 55 percent. The S&P represents the five hundred largest US listed companies.
Tech exchange Nasdaq recovered even faster. That index hit another record high in June, following the initial downturn caused by the uncertainty in the market following the COVID-19 outbreak. The recovery was driven by funds such as Amazon and Netflix, companies that benefited from the lockdown.
The S&P is benefiting from the major tech funds that are also included in this index, a fund like Amazon and the stimulus measures from the government.
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