Dip doesn’t dampen bull run record

S&P 500 index, Dow Jones drop slightly on listless day for trading

The bull market in U.S. stocks is now the longest on record.

The current bull run on Wall Street became the longest in history on Wednesday at 3,453 days, beating the bull market of the 1990s that ended in the dot-com collapse in 2000.

That’s how long the benchmark S&P 500 index of major U.S. stocks has gone without a drop of 20 percent or more, the traditional definition of a bear market.

Despite its long duration, this bull market actually wasn’t as big in terms of overall gains as the 1990s one.

The milestone arrived on a listless day of trading that left the S&P 500 with a slight loss. Gains by technology and energy companies outweighed losses in industrial stocks, banks and other sectors.

“This expansion is alive and well, this bull market is alive and well,” said Jason Pride, chief investment officer for private clients at Glenmede. “Valuations are definitely higher than we tend to like to see them, but they’re actually not that atypical for the back

BULL The bull market for U.S. stocks began in March 2009 and has now lasted nine years, five months and 13 days, a record.

tion in the area, he said.

“This is where business is still done with a handshake and a smile,” he said.

Derek Stonebarger, Arts District board president and owner of two downtown businesses, welcomed the project at a groundbreaking Tuesday.

“It’s so exciting to see real projects, real developments,” Stonebarger said.

Recent updates include Stonebarger’s own Nevada Taste Site and a Los Angeles-based developer buying buildings in the area.

All activity downtown helps its different neighborhoods, said J Dapper, principal of local developer Dapper Cos.

Dapper believes a project like Treehouse, the Fremont9 apartments and casino construction from D Las Vegas owner Derek Stevens help the area, including Dapper’s own Huntridge Shopping Center

near Charleston Boulevard and Maryland Parkway.

A lot of affordable real estate plus the completion of the Main Street remodeling should lead to more development, he said.

“I believe overall in the forward momentum of the downtown area,” Dapper said.

Contact Wade Tyler Millward at 702-383-4602 or wmillward@ reviewjournal.com. Follow @ wademillward on Twitter.