U.S. Stocks Close Higher For the Fourth Consecutive Day, S&P 500 Sets Intraday Record
By Mike Obel, Fox Business // August 21, 2018
ABOVE VIDEO: Stock market on the verge of breaking the record for longest bull market in history.
(FOX BUSINESS) – U.S. stocks on Tuesday closed higher for the fourth consecutive day, and the broad-based S&P 500 index set an intraday record, as well as tying its record for longest bull run.
The S&P’s fresh record comes after second-quarter earnings season has basically wrapped up, while some easing trade tensions also supported the markets with China and the U.S. meeting to discuss trade after a tit-for-tat tariff exchange.
During the day’s trading session, the S&P 500 topped its previous high of 2,872.87, which it reached in January. However, that index slipped back slightly before the markets closed.
Tuesday marked 3,452 days since the index fell to a low of 666 on March 9, 2009 — widely seen as the low of the financial crisis — tying its record for longest bull market run.
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