bear market is officially over...

All 10 industry groups in the S&P 500 have risen at least 9.2 percent since the U.S. benchmark sank to its 11-year low on Nov. 20. Financial stocks led the rally, climbing 46 percent collectively, followed by consumer discretionary and telephone companies.

Today’s gains put a technical end to the 13-month bear market that began after the S&P 500 reached a record close of 1,565.15 in October 2007. An advance of more than 20 percent from a low is the standard definition of a bull market.

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