S&P 500 closes above 7,800 for first time
The US share index reached 7,818.93 points on Tuesday, recording its first new closing high since August.
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The S&P 500 ended Tuesday’s New York session up 0.6% at 7,818.93 points, closing above 7,800 for the first time, according to ANP. It was the index’s first record close since August. [1]
ANP attributed the positive mood to gains in technology shares and falling government bond yields. It said investors were also looking ahead to the forthcoming company earnings season. Goldman Sachs strategists said recent economic growth figures had been strong and revisions to S&P 500 companies’ earnings forecasts had remained mostly positive, ANP reported via Bloomberg. [1]
Other leading US indices rose too. The Nasdaq gained 0.5% to 27,599.79 points, extending its record close from Monday, while the Dow Jones climbed 0.5% to 51,521.28 points. [1]
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