New All-Time High; The S&P 500 Closes in on 4,000

You can’t keep this market down! The S&P 500 hit a new all-time intra-day high today of 3,990.75. Before today, the record was 3,981.83 from Monday. The all-time closing high is 3,974.54 from Friday.

This morning’s ADP report showed that private sector jobs increased by 517,000 last month. That’s the best month for jobs growth since September. The jobless claims report is due out tomorrow, and the official jobs report will be on Friday. Consensus is for 565,000 jobs.

The S&P 500 is closing in on 4,000. It first closed above 400 on December 26, 1991. The index first closed above 40 on June 17, 1955 (that was the old S&P 90).

Posted by on March 31st, 2021 at 12:54 pm


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