Share

Another milestone: S&P 500 closes above 2,000

|
Photo - FILE - In this Tuesday, Aug. 19, 2014, file photo, trader Leon Montana works on the floor of the New York Stock Exchange. U.S. stocks opened slightly higher on Tuesday, Aug. 26, 2014, as investors weighed the latest batch of corporate deal news and mixed economic reports on home prices and demand for big-ticket items. The Standard & Poor's 500 index held at 2,000, extending the prior day's gains. (AP Photo/Richard Drew, File)
FILE - In this Tuesday, Aug. 19, 2014, file photo, trader Leon Montana works on the floor of the New York Stock Exchange. U.S. stocks opened slightly higher on Tuesday, Aug. 26, 2014, as investors weighed the latest batch of corporate deal news and mixed economic reports on home prices and demand for big-ticket items. The Standard & Poor's 500 index held at 2,000, extending the prior day's gains. (AP Photo/Richard Drew, File)
News,Business

NEW YORK (AP) — It was a big round-number day for the stock market.

The Standard & Poor's 500 index closed above 2,000 points Tuesday for the first time, but just barely. It edged up 2.10 points to 2,000.02 points.

It's been 16 years since the index closed above 1,000 points for the first time.

Stocks moved higher after some encouraging news, including a surge in consumer confidence.

The Dow Jones industrial average rose 29 points, or 0.2 percent, to 17,106. The Dow is 32 points shy of its own record closing high set July 16.

The Nasdaq rose 13 points, or 0.3 percent, to 4,570. The Nasdaq is still well below its dot-com era record.

Bond prices were flat. The yield on the 10-year Treasury note held at 2.40 percent.

View article comments Leave a comment

More from washingtonexaminer.com