The US stock market on Friday hit an all-time high, its first since mid-February. It marked the culmination of a remarkable recovery on Wall Street since flirting with bear market territory in early April.

As for the main indexes, the Dow Jones Industrial Average gained 0.9% to 43,386. The S&P 500 rose 0.8% to 6,141 and the Nasdaq Composite added 1.0% to 20,167 – both benchmarks finishing within a chip-shot of their respective all-time highs of 6,144.15 from February 19 and 20,173.89 from December 16.

Stocks climbed higher on hopes of rate cuts and trade easing, with the S&P 500 a few points shy of its record close in February. The U.S.’s major stock index closed within a hair of its record high set in February,