Bad Memories Fading in S&P 500 After 10% Rally From August Low
- The benchmark equity gauge is a few points from a flat 2015
- Half the S&P 500 industries trading above Aug. 19 levels
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Back to flat. Almost.
Two months after the first correction since 2011 broke a yearlong calm in U.S. equities, the Standard & Poor’s 500 Index is jumping again, climbing as much as 1.8 percent Thursday to bring its gain from its lowest close in August to 10 percent. The benchmark gauge for American equities now sits at a level last seen on Aug. 19 and is 7 points below its Dec. 31, 2014 closing price, making its performance year-to-date just about flat.