The S&P 500 Jumps Above 1,965

The stock market is up again today. The S&P 500 has been as high as 1,966 this morning, and it’s not that far from its all-time closing high of 1,987.

The larger story is that a decent earnings season was hurt by several troubling geopolitical events. Now it appears that tensions are falling, especially in Gaza and Ukraine.

We had some very good economic news on Friday when the Federal Reserve said that Industrial Production rose by 0.4% last month. That was twice the rate economists were expecting. In the last year, Industrial Production is up by 5%, and since the recession low, it’s up about 25%.

Posted by on August 18th, 2014 at 9:47 am


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