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Stocks Rebound in February
After a dismal January, stocks finished out an exuberant February with final week gains of over 1% for the widely-followed stock indexes. In the process, the Standard & Poor’s 500 Index reached an all-time closing high. There’s still a lot of money languishing on the sidelines, so positive news is ever-so-gradually causing the fence sitters to put some money into stocks.
For February, stocks advanced more than 4% which was enough to propel most indexes save the Dow Jones Industrial Average to small gains for the year-to-date. This week marks the five-year anniversary of the bull market.