U.S. stocks have just accomplished something that hasn’t happened since 1972

February 10, 2024

U.S. stocks have just accomplished something that hasn’t been done since President Richard Nixon was still occupying the White House. According to Dow Jones Market Data, the last time the large-cap index recorded a comparable stretch of weekly gains was March 10, 1972. DOW JONES MARKET DATAHowever, investors don’t need to look as far back to find a precedent for the magnitude of the index’s rise over this period. See: S&P 500 reaches 5,000 for first time. U.S. stocks have seen a powerful rally since hitting their most recent near-term bottom in late October, when the S&P 500 touched what was then its weakest level in five months.