After fear gripped the stock market for a five-week period during the first quarter of 2020, equities have torched higher. The iconic Dow Jones Industrial Average, broad-based S&P 500, and technology-focused Nasdaq Composite have returned 84%, 86%, and 99%, respectively, since hitting their bear-market bottoms on March 23, 2020. Considering that the stock market has delivered a historic annual average return of 7%, including dividend reinvestment, these are stellar gains.
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