S&P 500 reaches record high, paced by energy shares
US stocks rose, pushing four major benchmark indexes to simultaneous records for the first time since 1999, as investors added to a post-election advance spurred by speculation the incoming administration's policies will incite brisker economic growth.
The S&P 500 Index rose 0.8 per cent to 2198.19 at 4pm in New York, for its first record since August 15. The Dow Jones Industrial Average advanced 88.62 points to 18,956.55 to a fresh high, while the Russell 2000 Index capped a 12th day of gains in its longest rally since 2003. The Nasdaq Composite Index added 0.9 per cent to its highest level ever.
Bloomberg
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