New York (CNN Business) The S&P 500 (SPX) is so close to a new record high -- its first since the pandemic hit and exceeding its all-time high from February. The stock index fell short of a new peak on Tuesday, but it remains just an arm's length away. Although the index is closing in on a record, it doesn't meet everyone's definition of a new bull market just yet. CFRA Research defines a bull market as a 20% rally off the prior low that doesn't get undercut within six months. The S&P is still just short of a bull market by that definition -- but it will very likely happen, unless there's a sudden market crash in the next few weeks.

Source: CNN August 11, 2020 13:24 UTC