On the same day that the Nasdaq marked a new bull market, the U.S. economy was officially declared to be in a recession. The two milestones on Monday illustrate how an 11-week surge in stocks has occurred despite widespread economic devastation fueled by the coronavirus pandemic. Driven higher in recent months by surging technology and communications stocks, the Nasdaq .IXIC closed up 0.8% on Monday at 9,924.75 points, exceeding its previous record high on Feb. 19, just before fears of the coronavirus ended its 11-year bull market. Stocks added to gains late in the session after the U.S. Federal Reserve eased the ... (full story)