Wall Street shot higher Wednesday, sending the Standard & Poor's 500 index to its first record close in more than seven years
considered by traders as the best barometer of U.S. stocks, surpassed the record of 1,527.46, set March 24, 2000, at the peak of the dot-com boom, closing at 1,530.23, up 12.12, or 0.80 percent.
The S&P's advance is of greater significance to many investors than the 47 record closes the Dow has achieved since the beginning of October. There are more investments, like mutual funds, that track the S&P 500; these funds are an integral part of many retirement plans.
Stocks jump, S&P 500 hits record close - Yahoo! News S& - Wikipedia, the free encyclopedia