S&P Has Best Week Since July

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S&P Has Best Week Since July (Bloomberg)

Stocks rose today, sending the S&P 500 to a new record high and to its best week since July. Investor speculation that the Federal Reserve will continue its monetary stimulus was a force behind today’s gains. “People are looking at earnings but they’re also looking at what they think is going to happen next,” Sarah Hunt, an associate fund manager and analyst at Purchase, New York-based Alpine Woods Capital Investors LLC,said. “After this political problem no one is expecting this to happen again in January. People are just looking for a little bit of a better economic backdrop to continue what’s been a pretty decent environment for stocks.”

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China’s gross domestic product (GDP) rose 7.8% from one year ago, an acceleration in the country’s rate of growth.

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