US stocks climbed past their all-time highs, as stocks continued to rally from their December lows
The S&P 500 reached 2933.68 points, breaking through the historical closing high of 2,930.75 points that it set in September. The Nasdaq nearly hit 8121 points, beating the 8,110 point all-time best close it hit in August. Neither index managed to tackle their respective record intraday highs of 2,940 and 8,133, but market watchers typically measure all-time highs on closing prices.Stocks are at an all-time high.
Read MoreOver the past seven months or so, market watchers have gotten severe whiplash, said John Lynch, chief investment strategist at LPL Financial.After all, they saw"a near-bear market in stocks' worst fourth quarter since the financial crisis, followed by a V-shaped recovery and the best first quarter for the S&P 500 since 1998," he said.In late December, stocks faced some intense volatility and registered some of their worst one-day drops in history.
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