S&P 500 closes above key 5,000 level for first time

S&P 500 closes above 5,000 for first time

Thanks to a fifth week of favorable U.S. economic news, the S&P 500 on Friday closed above the 5,000 mark for the first time.

U.S. stocks end higher, S&P 500 closes above 5,000 for first time ever

NEW YORK, Feb. 9 (Xinhua) -- U.S. stocks ended mixed on Friday, while the benchmark S&P 500 index surpassed the 5,000 level at close, buoyed by robust earnings reports and positive economic updates. Read full story

Stock mania rages on as S&P 500 closes above 5,000

Wall Street notched a milestone, with the S&P 500 topping 5,000 amid a renewed rally in big tech and hopes the Federal Reserve will soon be able to cut rates — bolstering the outlook for corporate profits.

S&P 500 closes above 5,000 for first time amid stock market rally

Breaking 5,000 is unlikely to slow the index’s rise, experts say as reports highlight resilient US economy

The Standard & Poor's 500 U.S. stock index closed above 5,000 points for the first time on Friday. The profits of companies with large capitalization, such as Nvidia, were to blame for this. Investors were also encouraged by data on strong economic performance and a slight revision to last year's US inflation data, which supported expectations that the US central bank (Fed) would cut interest rates this year.

S&P 500 hits 5,000 for first time; Microsoft topples Apple as world's largest company

The S&P 500 has never been higher, crossing the 5,000 level for the first time ever as improving corporate earnings and better-than-expected economic data fuel investor optimism. That optimism got an extra push Friday after revised data showed consumer inflation moderated at the end of last year, according to the Bureau of Labor Statistics. However, strategists caution the upward move is heavily tied to just a handful of companies. "Technology i…