(CNBC) — U.S. stocks ended little moved on Wednesday as Wall Street caught its breath, with the S&P 500 closing at a record just above 2,000 for a second consecutive session.

“These record highs you’re seeing are backed by good earnings, and not from companies cutting costs, but true earnings from sales and operations. A lot of companies have healthy balance sheets and are looking to expand, so this (bull market) is not a flash in the pan, we think we’ll see 10 to 11 percent overall S&P growth this year,” said Frank Fantozzi, president and CEO of Planned Financial Services in Cleveland, Ohio.

“Overall, people should enjoy what is happening,” Fantozzi added.

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