S&P 500 index tops 3,000 for first time — here’s how the stock market got here and what it means

Five years in the making. That is the time it has taken for the S&P 500 stock index to travel from its previous thousand-point plateau to an intraday milestone of 3,000 for the first time in its history. It remains to be seen if the benchmark can close at that level, but the sojourn above that mark may hold some importance.

“Momentum could continue to push markets higher in the next few days now [that] the Fed’s stance is more clear,” wrote Adrian Lowcock, head of personal investing at investment platform Willis Owen, in a Wednesday note. Read: Powell says uncertainties ‘continue to weigh’ on U.S. economic outlook and Fed stands ready to act

Biggest gainers? Biggest losers? Alongside the S&P 500, the Dow Jones Industrial Average DJIA, +0.29% and the Nasdaq Composite Index COMP, +0.75% were testing fresh all-time highs. Powell on Wednesday told a House committee that policy makers at the rate-setting Federal Open Market Committee were committed to using their tools to help the economy, and in many ways the market, sustain its record expansion.

¯\\_(ツ)_/¯

when you print money out of thin air everything is just a number Duh !

its IS just a number

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