New York, June 9 : The S&P 500 is up nearly 20 per cent from its October 2022 lows and within striking distance of a bull market thats investor-speak for a period of time marked by rising stock prices and optimism on Wall Street, the media reported.

Markets have remained surprisingly resilient over the past nine months, as 2022 losers like tech and media have bounced back from a disastrous year on hope that the worst is over for those industries. 

Over the past week, markets have gained momentum, likely because of the end of the debt ceiling crisis, optimism that the Federal Reserve will pause rate hikes at its June meeting and a recent string of strong economic readings.