White-Hot Stock Rally Masks Mammoth Value Swings


By Gunjan Banerjee
Photo: Adam Falk/The Wall Street Journal

Explosive moves in individual stocks and sectors are underpinning a white-hot streak in the market.

Major U.S. stock indexes have kicked off the second quarter with a bang, powering higher and building on a blockbuster rally that began in March of last year. The market’s ascent since then has been nearly relentless, pushing the S&P 500 to 17 new highs in 2021 and recently hurtling past the index’s 4000 mark for the first time. The Cboe Volatility Index, a gauge of stock volatility based on options priced on the S&P 500, recently closed at its lowest level in more than a year.

Publish : 2021-04-06 16:21:00

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