US S&P 500 breaks through 2,000 level
US S&P 500 breaks through 2,000 level. The US S&P 500 stock index broke through the landmark 2,000 level on Monday, marking a six-year rally which has benefited many Americans. During that time the unemployment rate has fallen from a high of 10 percent in December 2009 to a low of 6.1 percent in June of this year, but the rally is still seen as largely benefiting wealthier Americans as paltry wage rises have left most Americans with little to invest in retirement accounts. The gains in US stocks have outpaced those in other major world stock markets in the past year and have been one of the top investments in 2014, beating the safe havens of gold and bonds. Furthermore, the gains have come faster than anticipated; in the most recent Reuters poll, analysts forecast 2,000 would be reached towards the end of the year. (VIEW LINK)
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