S&P 500 Closes at a Record High, Beating '07 Mark

CHICAGO, IL - MARCH 20:  Traders signal offers in the Standard & Poor's 500 stock index options pit at the Chicago Board Options Exchange (CBOE) near the open of trading on March 20, 2013 in Chicago, Illinois. The U.S. Federal Reserve is expected to release its economic projections for the next two years in a statement later today, including its inflation forecast for the next two years, and its latest decision concerning interest rates.  (Photo by Scott Olson/Getty Images)
Scott Olson/Getty Images Traders signal offers in the Standard & Poor's 500 stock index options pit at the Chicago Board Options Exchange.
NEW YORK (AP) - The stock market has reached another milestone.

The Standard & Poor's 500 index closed at a record high Thursday, beating the mark it set in October 2007, a year before the peak of the financial crisis.

The S&P rose six points to 1,569, a gain of 0.4 percent, beating its previous record by four points. The index is still shy of its all-time trading high of 1,576.

The Dow Jones industrial average, which beat its own 2007 record three weeks ago, rose 52 points, or 0.4 percent, to 14,578.

The Nasdaq composite rose 11, or 0.3 percent, to 3,267.

Nearly two stocks rose for every one that fell on the New York Stock Exchange.

Volume was relatively light at 3.2 billion shares. Markets will be closed for Good Friday.

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