Topics

Business
S&P 500 closes above 2,000; investors may get a psychological boost
S&P 500 closes above 2,000; investors may get a psychological boost

The Standard & Poor's 500 stock index, a widely watched measure of a broad array of stocks, closed above the 2,000 level for the first time as investors pushed aside worries over global unrest to focus on the improving domestic economy. The latest roar from a five-year bull market took the large-company S&P index to a hair above the psychological threshold, at 2,000.02 — a level that could send an upbeat signal to investors. It first crossed the level in Monday morning trading but settled below it at the close. Round-number levels such as 2,000 for the S&P are considered by many to be positive indicators for the market, though there is little scientific evidence of what they...

Loading