S&P 500 closes at a record to erase last of pandemic losses

Financial Markets Wall Street

Wall Street clawed back the last of the historic, frenzied losses unleashed by the new coronavirus, as the S&P 500 closed at an all-time high on Tuesday.

The day’s move was a relatively mild one, nudging the index up 7.79 points, or 0.2%, to 3,389.78. That eclipses the S&P 500′s previous record closing high of 3,386.15, which was set on February 19, before the pandemic shut down businesses around the world and knocked economies into their worst recessions in decades.