S&P 500 goes 90 days without closing lower by more than 1%

The S&P 500 has gone 90 trading days without closing lower by more than 1 per cent in a single trading session, after the broad-market index closed higher by 0.6 per cent on Tuesday.

Since October 11, the S&P 500 has not had a single day in which it has dropped by 1 per cent or more on a closing basis, underscoring the the strong rally in equity markets which has seen the index rise 13.5 per cent to 2,365 since it’s recent low on November 4.

That momentum has continued in February, with the index closing higher than where it started the day on 12 out of 14 trading sessions.