(June 12): Stock markets around the world have rallied hard from the lows in March, at the height of the Covid-19 pandemic-driven selloff. Since then, the Dow Jones Industrial Average and Standard & Poor’s 500 index have surged 45.5% and 48.2% respectively, and are now hovering just 8.7% and 6% below their all-time-high levels. Last week, tech stocks led the Nasdaq Composite to consecutive record highs.

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