S&P tops 1,500, nears a high

A burst of enthusiasm about the economy gave the Standard & Poor's 500 Index its first close above 1,500 since September 2000.

The S&P 500, the index most closely watched by market professionals, made its first foray past 1,500 shortly after trading began and rose as high as 1,503.34 just over a week after the Dow Jones industrial average passed 13,000 for the first time.

The index closed at 1,502.39, up 6.47, or 0.43 percent, and now is within striking distance of its closing high of 1,527.46, set March 24, 2000, just as the dot-com bubble began to burst and Wall Street began a three-year decline.

Read Full Article from Rocky Mountain News

- Posted: 2007-05-04 09:46:50

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