S&P 500 Erases Mid-October Selloff In Broad 'Everything Rally'

Market Performance - The S&P 500 has recovered from the mid-October selloff and is nearing record levels [1] - The Dow Jones Industrial Average increased by 516 points, or 1.1%, while the S&P 500 and Nasdaq Composite both rose by 1.1% and 1.4% respectively [2] - The Russell 2000 index showed strong performance, indicating renewed interest in small-cap stocks as interest rates are expected to decline [2] Key Drivers - A significant rise in Apple stock contributed to the S&P 500's performance, providing substantial momentum for the index [2] - The overall market breadth was described as stellar, suggesting broad-based participation in the rally across various sectors [2]