SANTA MONICA, Calif.–(BUSINESS WIRE)–The Wilshire 5000 Total Market IndexSM, definitive measure of the broad U.S. stock market, today surpassed the February 19 record high intraday, falling just short of a new record close late in trading to end at 34,525.88, or with a $475 billion and 1.36 percent gain, according to Wilshire Associates (Wilshire®).
“As market whiplash related to the COVID-19 pandemic and economic concerns continue, markets have continued to climb a wall of worry,” said Dennis Tito, Chairman and Chief Executive Office at Wilshire Associates. “As the most comprehensive view of the broad U.S. stock market, the Wilshire 5000 today signaled optimism and reasons to stay focused on the long-term. Even given the expected volatility surrounding ongoing responses to the pandemic and run-up to the November Presidential election, market actions suggest that the long-term sentiment on recovery is positive.”
Today’s recovery milestone was fueled by large- and small-cap growth, represented by the Wilshire US Large-Cap Growth IndexSM and Wilshire US Small-Cap Growth IndexSM, with gains since the March 23, 2010 market low of 61.75 and 66.56 percent, respectively.
The Wilshire 5000 Total Market IndexSM has soared since the March low, rising 53.70 percent, or approximately $12.7 trillion.
First introduced in 1974, the Wilshire 5000 is widely considered the definitive benchmark for the total U.S. stock market, comprised of all U.S. securities with a primary listing in the United States with readily available prices. For more information about the Wilshire 5000, click here.
About Wilshire Associates
Wilshire is a leading global financial services firm, dedicated to improving outcomes for investors worldwide. An independent firm since its founding in 1972, Wilshire advises on over $1 trillion in assets and manages $72 billion in assets. Specializing in innovative investment solutions, consulting services and multi-asset analytics, Wilshire serves more than 500 institutional and intermediary clients worldwide from 10 offices around the globe. For more information, please visit www.wilshire.com or follow us on Twitter: @WilshireAssoc