6th week of gains for S&P index


The S&P 500 hit a five-year high Friday, extending a rally that started in January. The index is at its highest since November 2007 and has advanced for six weeks. The Dow closed above 14,000 on Feb. 1 for the first time since 2007. The index is up 6.8 percent this year; the S&P 500 is up 6.4 percent. The S&P finished the week higher despite logging a big drop Monday on worrying news from Europe. Largely positive earnings and a report that showed that the US trade deficit narrowed provided more fuel for the market’s advance Friday. Analysts forecast fourth-quarter earnings to rise 6.5 percent for S&P 500 companies.

Loading comments...
Real journalists. Real journalism. Subscribe to The Boston Globe today.
We hope you've enjoyed your free articles.
Continue reading by subscribing to for just 99¢.
 Already a member? Log in Home
Subscriber Log In

We hope you've enjoyed your 5 free articles'

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of
Marketing image of