'Rally of hope': Why the S&P soared back past 3,000

Unthinkable just two months ago as the world economy shut down in response to the coronavirus pandemic, the U.S. stock benchmark S&P 500 index broke through the psychologically-important 3,000 level on Tuesday, capping a 37% stock rally since its March low.It has been fuelled by extraordinary interventions by the Federal Reserve and other central banks, a $2 trillion (1.6 trillion pounds) stimulus passed by Congress, and hopes that the rapid development of a vaccine will mean that the worst