Stocks: S&P 500 Trades Above 1,500 For The First Time Since December 2007

by Colonel on January 24, 2013

“The S&P 500 rallied to cross above the 1,500 level for the first time since December 2007 Thursday, boosted by a pair of better-than-expected economic data and earnings, but Apple results weighed on the tech sector, pushing the Nasdaq into negative territory.

The Dow Jones Industrial Average added to their gains, led by Cisco and Pfizer, on pace to posting its fifth-straight rally.

The Dow is up more than 5.5 percent so far this month, on pace for the best January performance since 1997 when the index rose 5.7 percent. The index is also within 3 percent of its all-time closing high of 14,164.53 points hit on October 9, 2007.

” — JeeYeon Parker, Copyright 2013 CNBC LLC

Previous post:

Next post:

Page 1 of 11