S&P 500 exits correction territory. Thank retreating bond yields.

U.S. stocks resumed a powerful rally on Monday that helped lifted the S&P 500 out of correction territory ahead of the Thanksgiving holiday.

At only 16 trading days, the S&P 500 index SPX has emerged from correction territory at its quickest clip in a decade and notched one of its shortest comebacks in since the 1970s (see chart), according to Dow Jones Market Data.

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