Shares of GE Vernova Inc. rallied 2.54% to $519.66 Friday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.52% to 6,173.07 and the Dow Jones Industrial Average rising 1.

The S&P 500 is on the cusp of a record high. That’s a remarkable change of events, since the index was on the brink of a bear market just two months ago.