It took the market a bit of time to warm up to the cooler CPI and retail sales data today but after breaking out to new highs, the S&P 500 continued to surge right into the close. The index closed above 5300 for the first time, breaking the March highs with a flourish.
SPX daily
Closing changes:
- S&P 500 up 61 points, or 1.2%, to 5308
- Nasdaq up 1.4% to a record 16, 742
- Russell 2000 +1.0%
- DJIA +0.9%
- Toronto TSX Comp +0.2%