Dot-com bubble, eat your heart out: The S&P 500 has marked its longest-running bull market ever by going 3,454 days since hitting a low point in March 2009, the Wall Street Journal reports. Despite inching down a point Wednesday to 2,861, per the AP, the storied blue-chip index has ballooned more than 400% in price terms since 2009 and continues to hover near the record-high closing of 2,872 set in January. Driven by a variety of factors—like President Trump's tax cut and advances in US technology companies like Apple, Alphabet, and Amazon—the market is belying skeptics who said China's slowdown and rising US interest rates would de-horn the bull. "Companies are tearing it up," says an analyst. For more:
- The real record: The term "bull market" refers to a rally that climbs more than 20% without ever dropping by 20%, notes Bloomberg. The last rally went from 1990-2000, but really the market only slid 19.92% in 1990, so you could say that rally started in 1987 and remains the longest ever. All depends on whether you round up.