32 Days Is a Long Time Without a Record for U.S. Stock Investors

A couple of paychecks, maybe a haircut and a trip to the movies -- not much typically happens in a month. But for investors waiting for the next all-time high in U.S. stocks, it’s actually been a long time.

While equity indexes from Asia to Europe have climbed to multiyear highs in recent days, the Standard & Poor’s 500 Index and Dow Jones Industrial Average last hit theirs on March 2, the same day the Nasdaq Composite Index topped 5,000 for the first time in 15 years. The 32-day stretch without celebrating a fresh high is the S&P 500’s longest since July 2013.