S+P 500 tops 2000 mark for first time

By Dow Jones newswires

On Friday, Fed chair Janet Yellen offered little indication that interest rate increases were imminent at an annual gathering of central bankers in Jackson Hole, Wyoming. The S&P 500 is up 8. 2 per cent this year and is on track for its 29th record close of 2014. "Jackson Hole came and went without much in the way of fireworks and policy announcements," Jim Russell, senior equity strategist for US Bank Wealth Management, said, adding it was an outcome that was "certainly not harmful" for stocks.

The S&P 500 index crossed 2,000 for the first time Monday, marking the latest leg in the US stock market's historic bull run. At 2. 15am (AEST), the benchmark climbed 13 points, or 0. 6 per cent, to 2,001, reaching an intraday record of 2,001. 94 earlier in the session.

Read more here: Business Spectator


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