Joseph Adinolfi and Barbara Kollmeyer, MARKETWATCH
NEW YORK (MarketWatch) — Santa continued to shower gifts on stock-market investors, as the S&P 500 index and the Dow Jones Industrial Average once again closed at record levels.
The Nasdaq Composite closed at its highest level since March 2000.
The Dow industrials DJIA, +0.13% closed 23 points, or 0.1%, higher at 18,053, their 38th record close of the year, while the S&P 500 SPH5, +0.33% gained 6.89 points, or 0.3%, to 2,088.7, its 52nd record close. The Nasdaq Composite COMP, +0.70% gained 33.39 points, or 0.7%, to close at 4,806.8.
The Dow has gained for seven consecutive trading days, and enjoyed its biggest seven-day point gain since Nov. 4, 2008. The Nasdaq has been up for eight of the last ten weeks, while the S&P 500 has gained for nine of the past ten weeks. However, volumes for all three major indexes were the lowest for the year so far.