3-6-19 SP 500 INDEX Bull-market’s 10th anniversary
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It has been 10 years since American stocks hit their post-financial crisis nadir on March 9, 2009, and began a steady climb that has produced, by some measures, the longest bull market in U.S. history.
Since that time, the S&P 500 index SPX, -0.65% has risen 411%, while the Dow Jones Industrial Average DJIA, -0.52% has gained 413.2%. And the Nasdaq Composite index COMP, -0.93% has advanced 570%, according to FactSet data, underscoring technology’s importance to the current bull run. It’s been a period dominated by fast-growing, tech-focused firms like Facebook Inc., FB, -0.20% Amazon.com Inc., AMZN, -0.12% Apple Inc., AAPL, -0.09% Netflix Inc.NFLX, -0.14% and Google-parent Alphabet GOOGL, -0.36% GOOG, -0.36%commonly referred to by the acronym FAANGs.
Apple leads all current Dow components in trailing 10-year total return, giving shareholders a 1,373.7% return since the worst of the financial crisis. Netflix is the third-best gainer in the S&P 500, returning to shareholders 6,396.7% of their initial investment. Buying $100,000 in Netflix stock on March 9, 2009, would have made you a millionaire more than six times over today.