Big round numbers and new records on Wall Street today. The Dow is near the 16,000 level for the first time ever. And the S&P 500 index just points away from 1,800, a new milestone. And the NASDAQ, 4,000 just around the corner, a level not seen since 2000.
Those are new records for the Dow and S&P, and both averages have posted gains for six weeks in a row.
Also closing at new highs, the Dow Transports and S&P Midcap 400 Stock Index.
So, here`s a rundown of the closing numbers today. The Dow jumped to 85 points, the NASDAQ added 13. That`s a new fresh 13-year high and the S&P rose 7 1/2 points.
Seema Mody has more on the recent bull run-up, which stock sectors are making the biggest gains, and why high dividends really matter to investors, and to talk more about the financial markets and what it means for your portfolio is Darrell Cronk, regional chief investment officer at Wells Fargo Private Bank.