Stock market closes at record high, bull run intact

Getty Images / Scott Olson

• The S&P
  500 closed at a record high on Friday.
• That erases any doubt about if this is the
  longest-running bull market in histroy.
• The benchmark index hit a record on Wednesday, but
  didn’t close at a new high.

The S&P
500 closed at a record high on Friday, solidifying the bull
market as the longest of all time. 

The benchmark index gained 0.62% to settle at 2874.69, eclipsing
its January record-high close of 2872.87. Friday’s gain was
significant as it left no doubt that we are now in the midst of
the longest-running bull run in US stock market history.

After an intraday record
high was hit on Wednesday, some on Wall Street suggested

the record technically wouldn’t fall until the index closed at a
new high.

Friday’s biggest S&P 500 gainers included Autodesk (+15.13%),
AMD (+7.49%), and Netflix (+5.63%) while Foot Locker (-9.21%),
Gap (-8.54%), and Macy’s (-4.33%) lagged.