S&P 500 sets fresh all-time high

clock

Big moves in the technology and materials sectors helped the S&P 500 close at its highest ever level on Monday.

The index rose 0.7% to 1,593.61, eclipsing its earlier record close set on 11 April this year. The benchmark has now risen by more than 12% in the last six months. Apple was among the big movers amid rumours its much-anticipated iPhone 5S could hit shelves as early as this summer, months ahead of a forecasted autumn release. Elsewhere, Nasdaq rose 0.9% to 3,307 while the Dow Jones Industrial Average traded up 0.7% to 14,819 points. US stocks had slipped towards the end of last week following data that showed the US economy had grown at a weaker than expected pace. But optimism h...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets