The S&P 500 closed at a record high for the first time since September, while the Nasdaq closed at a new high for the first time since August.
Between the lines: The S&P is up 17% so far this year so it's been a quick — but not unusual — rebound from the December sell-off that threatened stocks' bull run. But we're used to seeing new highs for the stock market much more often: before today's close, this was the longest the S&P and Nasdaq had gone without closing at or above record levels since 2016, per the WSJ.
Go deeper: The S&P 500 has rallied on optimism