By: Forbes Real Time
March 28, 2013 at 11:52 AM EDT
Stocks Break A New Record As S&P 500 Tops All-Time Closing High; Q4 GDP Up 0.4%
The stock market is firing on all-cylinders, and about three weeks after the Dow topped its all-time high, the S&P 500 hit its highest closing price ever in early trading on Thursday. Equities have performed amid tepid economic growth, with the Bureau of Labor Statistics releasing its third and final estimate for four quarter GDP, raising it to 0.4% and confirming the economy nearly stalled toward the end of 2012. Buoyed by a strong housing sector, and a solid performance from sectors like healthcare and financials, stock market bulls seem to have left behind those speaking of a coming correction as investors look for equities to go even higher.
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