S&P 500 breaks above closing record for first time in about seven months as stock market climbs

Mark DeCambre - finance.yahoo.com Posted 5 years ago

The S&P 500 index and the Nasdaq Composite on Tuesday hit record territory, last hit in in the fall and late summer, as a rebound in the health-care and gains in the consumer-discretionary sectors brought the benchmarks to the brink of all-time highs. At last check, the S&P 500 index was up 0.9%, or 27 points, at 2,935, above its closing high at 2,930.75 put in on Sept. 20. The health-care sector, as reflected in the Health Care Select Sector SPDR ETF , was up 1% late-morning Tuesday. Consumer-discretionary shares, as gauged by the Consumer Discretionary Select Sector SPDR ETF climbed 0.8%. The Nasdaq Composite Index was up 1.3% at 8,118, above its Aug. 29 all-time closing high at 8,109.69, according to FactSet data. Meanwhile, the Dow Jones Industrial Average was up 0.7% at 26,690, just off its Oct. 3 record at 26,828.39. The three main benchmarks have mounted a steady ascent since putting in their lows on Dec. 24.

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