Wall Street is on a roll when it comes to record-setting. On Tuesday, August 26, S&P 500 surpassed the 2,000-point mark for the very first time.
Experts note that this is S&P’s 30th record for 2014. Standard & Poor’s 500 index gained 2.10 points – or 0.1% – during the day, prompting the brand to go past the 2000-point mark by a hair. The session ended with S&P 500 at 2000.02 points, although it did climb up as high as 2005.04. The company has gone past the 2000 mark on Monday, August 25, but closed on a lower note.
The market has been on a generally positive tone in the most recent session.
The Dow Jones Industrial has seen a significant rise, although it did not quite cut it in finishing with an all-time high. The Dow, however, did set an all-time intraday high in the early part of the session.
The Nasdaq index has seen a 13.29-point upsurge.
Retail giant Amazon has also seen a 2.3% rise in its stocks after announcing its plans of purchasing video streaming service, Twitch.
Analysts note that the major rallies have been possible because of different mergers and acquisitions of big names, thus leading to better confidence in product quality among consumers.