S&P 500 At New Record On Solid Earnings, Economic Data
Stocks keep hitting record highs in America, this the time it's the S&P 500. Solid economic and corporate earnings reports have keyed the newest surge.
Via AFP:
The S&P 500 Wednesday closed at a new record following a batch of mostly solid economic and corporate earnings reports, and a modestly upbeat Federal Reserve report.
The S&P 500 jumped 9.50 (0.52 percent) to 1,848.38, edging past the prior record of 1,848.36.
The Dow Jones Industrial Average gained 108.08 (0.66 percent) to 16,481.94, while the tech-rich Nasdaq Composite Index increased 31.87 (0.76 percent) to 4,214.88.
Peter Cardillo, chief market economist at Rockwell Global Capital, said the Federal Reserve's "Beige Book" survey pointed to stronger economic conditions thro...