S&P 500 Achieves Fastest Recovery from 9% Correction in Over 36 Years
The S&P 500 completed its fastest recovery from a 9% correction in at least 36 years, rebounding to a record high in just 11 trading days. The rally was driven by sectors like semiconductors, media, and hardware, which benefited from renewed interest in AI-related stocks. However, market breadth has stalled, with some indices struggling to break key resistance levels.
Topics: AI thematic plays gold prices market turnaround S&P 500 stock market breadth U.S.-Iran conflict