The Biggest U.S. Stock Index Just Hit 2,000 — Everybody Party!

Looking good, U.S. stock market! Feeling good, Louis!

The most influential U.S. stock index hit an all-time high on Monday, topping the 2,000 mark for the first time ever.

The S&P 500 is a list of 500 of the most important publicly traded companies. Known as the benchmark index, it is more closely followed in the financial world that the Dow Jones Industrial Average, which follows only 30 blue-chip companies. The S&P 500 is regarded as the better representation of the health of the market.

The index topped 2,000 for the first time ever, briefly inching above the level in Monday morning trading before dropping back down around 1,998. The 2,000 mark is not particularly significant aside from being a large, round number Read more...

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