The Big Theme 

Pricey US stocks could keep marching higher

Pricey US stocks could keep marching higher

Last month, the US bull-market officially became the longest in US history. Broadly defined, a bull market is when share prices continue to rise without falling more than 20 per cent from their peak. The current bull-run began in the wake of the financial crash on 9 March 2009, when the S&P 500 index closed at a low of 676.53. Since then the index has more than quadrupled in value. Technology stocks have been the standout performers, and $1,000 (£767) invested in the sector in March 2009 would now be worth $6,326.

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