S&P 500 completes recovery from Covid-19 sell-off, hits record high

It has taken the benchmark S&P 500 about two months longer as surging Covid-19 cases sparked fears of another round of shutdowns that would again cripple business activity

The S&P 500 hit a record high on Tuesday, surpassing levels last seen before the onset of the coronavirus crisis in February, ending one of the most dramatic plunges in history with an equally historic recovery.

Trillions of dollars in fiscal and monetary stimulus have flushed Wall Street with cash, pushing yield-seeking investors into equities, with technology-related stocks, such as Amazon.com Inc, being viewed as the most reliable to ride out the crisis.

The S&P 500 rose as much as 0.4 per cent to 3,395.06 points during the session. If the benchmark closes above 3,386.15 it would confirm that the