Posted by: youngragingbull | March 28, 2013

S&P 500 breaks record closing high

The S&P 500 set a record closing high on Thursday, finishing a fifth consecutive month of gains to extend a four-year rally.

The S&P had hovered near its all-time high for more than two weeks until finally breaking the previous record close today. The S&P 500 gained 6.34 points, or 0.41 percent, to end at a new record of 1,569.19.

The Dow, which surpassed its 2007 record on March 5 and has set a series of record highs since then, ended Thursday’s session at yet another nominal closing high – at 14,578.54. For the day, the Dow rose 52.38 points, or 0.36 percent.

The Nasdaq Composite added 11 points, or 0.34 percent, to close at 3,267.52.

Advertisements

Responses

  1. Power of QE.

  2. And herd mentality.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Categories

%d bloggers like this: