The S&P 500 has rebounded 25% in less than three weeks. Here’s what’s going on

The Wall Street Bull, located in the financial district of New York City.

Mike Roy | MCT | Tribune News Service | Getty Images

The stock market’s rapid plunge into a bear market this year has been nearly matched by a blistering rally off its lows.

Through Thursday’s close, the S&P 500has rallied nearly 25% from a low reached on March 23. The broader market average has also retraced half…

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