FILE - In this May 11, 2007, file photo, a Wall Street sign is mounted near the flag-draped facade of the New York Stock Exchange. Global stock markets were mostly higher Monday, Aug. 25, 2014, after top central bankers in Europe and Japan said support for their economies would continue and additional help is possible. Investors are hoping the stock market will pick up steam this week. (AP Photo/Richard Drew, File)The Associated Press
NEW YORK – The stock market has reached another milestone as the Standard & Poor's 500 index trades above 2,000 points for the first time.
The widely followed barometer of the U.S. stock market is trading at a record high.
The index crossed above 2,000 in the first hour of trading Monday. The market was moving higher after central bankers said last week that support for the global economy would continue.
The S&P 500 index was up 11 points, or 0.6 percent, to 1,999 as of 10:12 a.m. Eastern time.
In other trading, the Dow Jones industrial average was up 98 points, or 0.6 percent, to 17,099.