S&P Nears Four-Year High

The stock market is recovering quite nicely from last week. Last Tuesday, the S&P 500 came very close to going below 1,200. Now the index is above 1,240 and is close to its recent high. On August 3, the index reached an intra-day high of 1245.86 and a closing high of 1245.04. That was the highest mark since 9/11. The previous high was on June 12, 2001 when the S&P closed at 1254.39. Since then, corporate profits are much higher.

Here’s a chart of the S&P over the past two weeks.
View image
And here’s the S&P 500 since June 2001. View image

Posted by on September 9th, 2005 at 1:14 pm


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