Stock market appears set to gain ground this year

March 9 marked the end of a 17-month drop for the Dow Jones Industrial Average and the Standard & Poor's 500, though the Dow closed at 6,547 and the S&P at 676. Since then, the Dow has surged 61% and the S&P 68%, and both appear set for a rally. JPMorgan Chase equity strategist Thomas Lee said the stock market's stalemate is expected to be "resolved to the upside."