S&P 500 Snapshot: A New Record Above 2000
Doug Short | Aug 29, 2014 06:15PM ET
In yesterday's update I asked the question "Will the S&P 500 move back above 2000 prior to the extended Labor Day weekend?" It did indeed, closing today at a record high at 2003.37. The index finished the month with a gain of 3.77% gain, the biggest monthly advance since February's 4.31% and the best August since the 6.07% surge in 2000.
The yield on the 10-Year Note closed at 2.35%, up 1 bp from yesterday's close.
Here is a 15-minute chart of the week.
Here is a monthly chart of the index. Trading volume for the month was the lowest in nearly 10 years.
For a longer-term perspective, here is a pair of charts based on daily closes starting with the all-time high prior to the Great Recession.
Click for a larger image
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