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Peter Tuchman highlights that the S&P 500 and Nasdaq have once again closed at record highs. Since the low point in March, the S&P 500 index has gained over $10 trillion in market cap, marking its 14th record close since March 30.
Earlier this year, Tuchman reported the S&P 500 lost about $250 billion in market cap as major U.S. indexes traded lower (link). He also noted the Nasdaq reached a new record high with a 15.7 percent monthly gain (link). These recent milestones follow a period of significant swings across U.S. equity benchmarks.