Another milestone: S&P 500 closes above 2,000

Trader Patrick McKeon works on the floor of the New York Stock Exchange, Thursday, Aug. 21, 2014. U.S. stocks are opening higher, pushing the Standard & Poor's 500 index closer toward another record high. (AP Photo/Richard Drew)
Trader Patrick McKeon works on the floor of the New York Stock Exchange, Thursday, Aug. 21, 2014. U.S. stocks are opening higher, pushing the Standard & Poor's 500 index closer toward another record high. (AP Photo/Richard Drew)

NEW YORK (AP) — It was a big round-number day for the stock market.

The Standard & Poor’s 500 index closed above 2,000 points Tuesday for the first time, but just barely. It edged up 2.10 points to 2,000.02 points.

It’s been 16 years since the index closed above 1,000 points for the first time.

Stocks moved higher after some encouraging news, including a surge in consumer confidence.

The Dow Jones industrial average rose 29 points, or 0.2 percent, to 17,106. The Dow is 32 points shy of its own record closing high set July 16.

The Nasdaq rose 13 points, or 0.3 percent, to 4,570. The Nasdaq is still well below its dot-com era record.

Bond prices were flat. The yield on the 10-year Treasury note held at 2.40 percent.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

blog comments powered by Disqus