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Stocks Surge in Crazy Year for Financial Markets



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U.S. stocks have arrived at their record-setting year-end levels after a turn of events few would have predicted, capping off a banner year in everything from options bets to
Worries about the rapidly spreading coronavirus in the first part of the year sent stocks, gold and bonds tumbling and triggered spasms in historically safe markets like money-market funds. The Federal Reserve’s massive stimulus package and, later, news of a vaccine, stoked a simultaneous rally in various markets. The moves have been underpinned by an excitement for investing that hasn’t been seen in decades, as people of all …

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