Money Is this a bear market rally? S&P 500, Nasdaq, Dow had best month of the year July 29, 2022July 30, 2022 Elisabeth Buchwald, USA TODAY Comments Off on Is this a bear market rally? S&P 500, Nasdaq, Dow had best month of the year Is the bear market over? The S&P 500 gained 9% in July. Bank of America says it's a bear market rally and danger lies ahead for stocks.