The S&P 500 is up 3% over the past 12 months as the market’s resilience continues to mystify many

The S&P 500 is up 3% over the past 12 months as the market’s resilience continues to mystify many

Michael Nagle | Bloomberg | Getty Images

The coronavirus outbreak has sparked an unprecedented wave of job losses and decline in economic activity. And yet amazingly the stock market has posted a decent return over the last one year.

The S&P 500 is up more than 3% over the past 12 months while the tech-heavy Nasdaq 100— which consists of the 100-largest companies in the composite — has…

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