Standard & Poor's 500 index trades above 2,000 points for the first time

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.