The S&P 500 index soared to record highs on Thursday, marking a significant recovery from the steep selloff experienced just a few months ago. The market rebound is driven by easing trade tensions, robust corporate earnings, and receding recession fears.
For the day, the S&P 500 rose 0.8% to 6,141.02, the Nasdaq gained nearly 1% to 20,167.91 and the Dow Jones Industrial Average spiked 0.9% to 43,386.84.
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