NEW YORK, Aug. 11 (UPI) — For the first time since before the turn of the century, all three major U.S. stock indices closed at record levels on Thursday — which some analysts believe may be a sign of what’s to come.
The Dow Jones Industrial average climbed 118 points Thursday to finish at 18,613.52. The S&P 500 gained 10 points to close at 2,185.79, and the Nasdaq rose 24 points to end at 5,228.40.
All three were record finishes — the first time that’s happened since Dec. 31, 1999, the last day of the 20th century.
Thursday’s surges continue Wall Street’s comeback since January and February, when the indices lost substantial ground in the face of economic uncertainty.
So far for 2016, the Dow and S&P 500 are each up nearly 7 percent, and the tech-weighted Nasdaq nearly 4.5 percent.