The S&P 500 rose for a fourth straight session today, extending its record high, thanks in part to data showing that companies added to payrolls last month.
Optimism-fueled increases in consumer and technology stocks led the S&P 500 to yet another new record high today.
Stocks rose today, in the process ensuring a fifth consecutive quarterly gain for the S&P 500. The U.S. Federal Reserve is partially behind the market’s success, as it continues to taper its monetary stimulus at the expected rate.
Following two days of decline, stocks rebounded today on the back of the best increase in household purchases in three months.
Investors pocketed recent profits today, exiting bank and technology shares to bring the overall market down for the fourth time in five sessions.
After U.S. President Barack Obama commented that the Crimea-Ukraine-Russia situation was testing the international order, investors responded by sending stocks lower for the day.