Yesterday the Institute for Supply Management’s manufacturing index spiked to its highest level in more than two years as new orders surged. That was a big improvement from the previous month, when coronavirus safety measures delayed work and kept employees at home.
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The S&P 500 rose 1.2 percent between Friday, April 19, and Friday, April 26. The index also closed at a new all-time high of 2940, with technology and the Nasdaq-100 still leading the charge.
The S&P 500 rose 1.6 percent between Friday, January 25, and Friday, February 1. It was the fifth gain in the last six weeks, with every major sector and index moving higher.