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The S&P 500 just hit an all-time high for the 46th time this year
The S&P 500 is in record breaking mood again. The index closed up 0.3 per cent on 2,069.41.
This is the 46th time that the S&P has closed higher in 2014, breaking last year’s score of 45. It now has a remaining 26 days to beat another landmark: 1998’s tally of 47.
Despite the bullish mood, 1995’s record is out of reach: that year there were 77 record-breaking days.
The index ended last week on 45 after a loosening in China’s monetary policy boosted trading. China’s continued weakness is probably bad news in the long term, however. Mario Draghi’s doveish overtones also helped the index rise as the Euro tanked.
The index has also been helped by continued drops in the oil market as a deluge of supply is met by weakening demand for Opec oil.