Wall Street: S&P 500 hits new high

Search company or market
Search company or market:
Refresh this page Launch Marketwatch ticker
London | Wall Street | Asia

Dow Jones Industrial Average

Last Updated at 05 Mar 2015, 16:27 ET *Chart shows local time Dow Jones intraday chart
value change %
18135.72 +

Top winner and loser

Wal-Mart Stores Inc.

83.57 +

Intel Corp.

33.73 -
value change %

Nasdaq Index

4982.81 +

S&P 500 Cash Index - Chicago Mercantile Exchange

2101.04 +

(Close): The S&P 500 index closed on Thursday night at a record high of 1,569, up 6 points or 0.4%. The last time it broke into new territory was on 9 October 2007 when it closed at 1,565.

The Dow Jones index was also up 0.4%, with a rise of 52 points taking it to a record 14,578.

The Nasdaq joined in the upbeat mood created by the smooth reopening of banks in Cyprus and generally positive economic news. It rose 11 points, or 0.3%, to close at 3,268.

The S&P has been near its record high for several weeks, despite the still sluggish performance of the US economy. This means it finishes the quarter 10% higher than its level at the beginning of the year and more than double its low point during the financial crisis.

Bruce McCain, chief investment strategist at Key Private Bank in Cleveland said that the new closing high "is a very appropriate punctuation for a great quarter that saw a lot of last year's anxieties recede."

However, Michael Mullaney, chief investment officer at Fiduciary Trust in Boston warned "we don't know how long we'll be at these levels."

In relatively light trading, the biggest gainers in the Dow Jones were two IT companies - IBM and Hewlett-Packard, both up over 1%. The biggest falls were by Chevron and JP Morgan Chase.

On the currency markets, the euro rose 0.4 cents to $1.282.

US markets will be shut for the Good Friday holiday.

More Business stories


Features & Analysis

  • Cartoon of women chatting on the metroChat wagon

    The interesting things you hear in a women-only carriage

  • Replica of a cargo boxSpecial delivery

    The man who posted himself to the other side of the world

  • Jon Sopel'Emailgate'

    Hillary gets a taste of scrutiny that lies ahead

  • Beauty contestants use selfie stick7 days quiz

    Who hasn't banned selfie sticks yet?

Elsewhere on the BBC

  • Audi R8Best in show

    BBC Autos takes a look at 10 of the most eye-catching new cars at the 2015 Geneva motor show


  • A robotClick Watch

    The latest in robotics including software that can design electronics to solve problems

Try our new site and tell us what you think. Learn more
Take me there

Copyright © 2015 BBC. The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.