The S&P 500 has been in a bear market since last June. The index is up by 5% since then, and up by about 12% from the low point it touched in early September, but that's well below the 20% (or more) sustained gain required before we can say that it has entered a new bull market. Many growth stocks have languished as rising interest rates drove investors toward more conservative investments.
Here is how Cadence Design Systems (CDNS) and Twilio (TWLO) have performed compared to their sector so far this year.
Twilio (TWLO) closed at $62.58 in the latest trading session, marking a -0.45% move from the prior day.