December 27, 2021
In a year marked by new Covid variants, supply chain disruptions and a fits-and-starts U.S. economic recovery, the S&P 500 smashed old records en route to a 26% gain and the creation of $8.6 trillion in value.
The benchmarks steady march higher has helped push it to a fresh record 68 times this year, the second-most ever, topped only by 1995. Put another way, the S&P managed a record close on nearly 30% of all trading days in 2021.
The explosion of SPAC listings has helped drive initial public offerings on U.S. exchanges to a record. Nearly 1,110 firms made their trading debuts in 2021, raising roughly $337 billion.
Electric pickup makerRivian Automotive Inc.led the way, raising $13.7 billion inNovemberin what was the 12th-biggest IPO of all time across all exchanges, data compiled by Bloomberg show. South Korean e-commerce giantCoupang Inc.came in second with its $4.6 billion listing in March.
OneProSpecial Analyst
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