S&P Stocks Hitting New Highs

Wall StreetFOXBusiness

More than 10% of all S&P 500 stocks hit all-time highs today after the Fed announced its decision to slow its monthly bond purchases.

At the close of trading today, 50 stocks in the S&P 500 (INDEXSP:GSPC) - more than 10% of the benchmark index - finished at all-time highs.  Consumer stocks, financial, and industrial names accounted for the bulk of today's new highs.  Clearly investors are psyched about a modest taper beginning next month and an indefinite period of zero-percent interest rate policy:

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S&P 500 Record Highs

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