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S&P 500 Snapshot: Intraday Above 2000, Another Record Close

Published 08/26/2014, 01:00 AM
Updated 07/09/2023, 06:31 AM

With the Fed's annual Jackson Hole symposium as ancient history, the rally resumed. The S&P 500 made headlines with an intraday record high above 2000, a symbolic level it breached about 40 minutes after the open. The intraday peak at 2001.95 occurred a few minutes later. The 0.68% advance to the intraday high faltered a bit during the lunch hour. The afternoon trade took place in a narrow range below the 2000 benchmark, ending at 1997.92 for a 0.48% daily gain.

Treasuries were little changed. The yield on the 10-year Note closed at 2.39%, down 1 bp from Friday's close.

Here is a 15-minute chart of the past five sessions.

SPX

Today's historic levels saw reduced summer trading volume.

SPX

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.

Current market snapshot

Current market snapshot - MAs

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