S & P 500 reached 2933.68 points and broke through the historic closure height of 2,930.75 points it set in September. Nasdaq scored nearly 8121 points, beating 8.110 points at best, closing it in August. The neither index managed to cope with their respective record highs of 2,940 and 8,133, but market researchers always measure full time on the closing price.
The trading day painted a story of strong American consumers, said Edward Moya, senior market analyst at Oanda.
But it was touch-and-go in the market to close out last year.
Formerly, within seven months, market watchers have become serious whiplash, says John Lynch, chief investment strategist at LPL Financial.
After all, they saw "a close-working market in stock's worst fourth quarter after the financial crisis followed by a V-shaped recovery and the best first quarter for the S&P 500 since 1
Since then S & P has been lifted by 25%, while Nasdaq and Dow have climbed more than 30% and 22%, respectively, according to Refinitiv.
It was probably a quick recovery. Perhaps too fast, Lynch warned. Many major market themes, such as US-China spearmeat or structural problems in Europe, remain against a backdrop of slowing down the economic activity. This can keep the stocks from gaining significantly more in the short term, Lynch said.