Over the past few years, the New York Stock Exchange has looked more like Spain in July, as the running of the bulls has become a regular event on the world’s largest stock exchange.
The tech-heavy Nasdaq Composite Index finished above 20,000 for the first time during the Dec. 11 trading session.
Earlier this month, the blue-chip Dow Jones Industrial Average and the S&P 500 closed above 45,000 and 6,000, respectively—both record highs.
President Joe Biden has also celebrated substantial gains as several asset classes have rocketed to never-before-seen levels.
“The stock market going strong is a sign of confidence in America’s economy,” the outgoing president wrote on social media platform X in February. […]
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