Overcast
27°FOvercastFull Forecast

S&P 500 closes at a record high, beating '07 mark

Published: Thursday, March 28, 2013 3:28 p.m. CST • Updated: Thursday, March 28, 2013 4:46 p.m. CST

NEW YORK – The stock market has reached another milestone.

The Standard & Poor’s 500 index closed at a record high Thursday, beating the mark it set in October 2007, a year before the peak of the financial crisis.

The S&P rose six points to 1,569, a gain of 0.4 percent, beating its previous record by four points. The index is still shy of its all-time trading high of 1,576.

The Dow Jones industrial average, which beat its own 2007 record three weeks ago, rose 52 points, or 0.4 percent, to 14,578.

The Nasdaq composite rose 11, or 0.3 percent, to 3,267.

Nearly two stocks rose for every one that fell on the New York Stock Exchange.

Volume was relatively light at 3.2 billion shares. Markets will be closed for Good Friday.

Get breaking and town-specific news sent to your phone. Sign up for text alerts from the Northwest Herald.

Reader Poll

How far are you traveling this Christmas holiday?
more than 200 miles
between 200 and 100 miles
less than 100 miles
staying home