(CNBC) — The S&P 500 and the Dow Jones Industrial Average set records in a fifth day of gains as investors cheered data showing the U.S. economy expanded in the third quarter by the most in 11 years.
"Whenever we hit a milepost, the news is spread to the mainstream, and a lot of people are still concerned about the market from 2008, so the round numbers help us move the Wall Street numbers to Main Street," Art Hogan, chief market strategist at Wunderlich Securities, of the Dow closing above 18,000 for the first time.
"The GDP number blew everybody away," said Hogan.
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