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Wall Street hits new record high to cap stunning comeback – Sydney Morning Herald

The S&P 500 climbed to a fresh record, surpassing a level hit in February before the coronavirus crisis and crowning one of the most dramatic recoveries in the index’s history.

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Trillions of dollars in fiscal and monetary stimulus have made Wall Street flush with cash, pushing yield-seeking investors into equities. Amazon and other high growth technology-related stocks have been viewed as the most reliable to ride out the crisis.
Doubts about the underlying health of the economy, however, persisted in Tuesday’s session, with lukewarm reactions to bumper results from Home Depot and Walmart limiting gains.
The S&P 500 flirted with all-time highs for several sessions…

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