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The S&P 500 Clinched Its First Finish Above The Psychologically Important 7,000 Threshold. Here Are 6 Charts To Watch For What Comes Next.
The index on Wednesday tallied its first intraday and closing record highs since the start of the Iran conflict. The S&P 500 moved back into record territory on Wednesday for the first time since January.The S&P 500 SPX climbed to fresh record highs on Wednesday, tallying its first finish above the psychologically important 7,000 threshold, as investors cheered the fact that a seemingly shaky cease-fire between the U.S. and Iran appeared to be holding - even if the number of ships transiting the Strait of Hormuz remained well below preconflict levels.In the meantime, the focus has shifted to the strong backdrop for corporate earnings and the U.S. economy more broadly, said Scott Ladner, chief investment officer at Horizon Investments.-- The S&P 500 index snapped a streak of 53 trading days without a record close, the longest such stretch since the 88-day streak ending June 27.As the above chart shows, the share of S&P 500 stocks making new 20-day highs hasn't quite reached the levels s
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