The current stock market is showing signs of a renewed rally as the market rebounds from the recent plunge in the Dow.
The S&P 500 rose 7.6% to 2,742.17, the Nasdaq rose 6.4% to 6,849.24 and the Nasd soared 6.1% to 4,967.06.
The Dow is up 6.6%, or more than $20 billion, to 24,632.43, while the S&p is up 3.6%.
A year ago, the Dow was down 7.3% and the S/p was down 2.6%; a year ago they were down 3.2% and up 1.4%.
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Today’s forecast: It’s the coldest day in a decade for much of Europe and the U.S. this week, with the cold front moving in to the East.
There are more snowstorms forecast for Thursday.
The New York City and New Orleans area is expected to be hit with as much as 3 feet of snow.
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The Dow has soared more than 30% in the last three months, reaching a record high of 26,876.14 in January.
According to the Wall Street Journal, the S.&=amp;p 500 has now climbed more than 12% in three months and is up a record 6% in less than a month.
In February, the U .
S. stock market reached a new record high, hitting 24,936.50 for the first time since January 1999.
The index was also at an all-time high of 25,813.91 on Thursday.
For the first quarter, the index fell more than 3%, but the drop was more pronounced in the Semiconductor Industry, which is dominated by chipmakers, because the market has been hammered by a weak economic recovery and the recent selloff in the commodities sector.
Meanwhile, the consumer price index rose 2.5% in February, as the unemployment rate declined to 5.6 percent.
The Dow Jones industrial average was up 6 percent in February.
For a look at how markets have fared in recent years, check out the chart below.