S&P 500 closes above 1,500 for first time in 5 years
The Standard & Poor’s 500-stock index finished above 1,500 today for the first time since the 2007 Great Recession, in yet another sign that the US economy is on the mend.
The S&P 500 closed at 1,502, up eight points, or half a per cent. It was the eighth straight gain, the longest winning streak since November 2004.
A flood of individual investors is thought to be responsible for the boost, with the investing public becoming less fearful of missing out on investments than in losing money on Wall Street.
The market was also lifted by strong earnings from Procter & Gamble and Starbucks.
A strong showing by the stock market follows good news elsewhere in the economy. The number of Americans seeking unemployment aid fell 5,000 last week to a seasonally adjusted 330,000, the lowest level in five years.
- 1 PlayStation and Xbox hacked by Lizard Squad
- 2 Katie Hopkins speaks out on childhood obesity: 'Parents of fat children should be prosecuted for child cruelty'
- 3 The Grace Dent Christmas Questionnaire
- 4 The 'Black Museum': After 150 years, public set to see exhibits from police’s grisly crime museum
- 5 Vagina canoe artist defends herself over ‘obscenity’ charges
PlayStation and Xbox hacked by Lizard Squad
Boxing Day snowfall set to push even more bargain-hunters online for sales
Katie Hopkins speaks out on childhood obesity: 'Parents of fat children should be prosecuted for child cruelty'
The 'Black Museum': After 150 years, public set to see exhibits from police’s grisly crime museum
Postcard from... The Vatican
British actor Idris Elba cannot star as James Bond because he is black, says shock jock Rush Limbaugh
Rozanne Duncan: Ukip expels councillor for 'jaw-dropping' comments made in BBC TV interview
Germany anti-Islam protests: 17,000 march on Dresden against 'Islamification of the West'
Ukip member gets into Christmas spirit with Union Flag plea to Santa 'for our country back'
BBC director Danny Cohen: Rising UK antisemitism makes me feel more uncomfortable than ever
Alex Salmond has 'broken his word to the Scottish people' says Scottish Lib Dem leader
iJobs Money & Business
Not specified: Selby Jennings: Quantitative Research | Global Equity | New Yor...
Not specified: Selby Jennings: SVP Model Validation This top tiered investment...
Highly Competitive: Selby Jennings: Our client, a leading European Oil trading...
£43500 per annum + pension + holidays: The Jenrick Group: Night Shift Operatio...