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.

The U.S. stock market surged to new record highs on Friday, capping a remarkable rebound after teetering near bear market territory just over two months ago. The S&P 500 rose 0.5% to close at a record 6,