TIME stocks

Stocks Close Higher as S&P Sets New Record

Stocks rise for the fourth-straight day

Stocks closed on a high note Wednesday, marking the fourth consecutive trading day of rising values as the S&P 500 beat its all-time high.

The Dow Jones Industrial Average closed at 16,573.00 for a gain of 40.39 points, or 0.24%. The Nasdaq rose 8.42 points, or 0.20%, to 4,276.46. The the S&P 500 gained 5.38 points, or 0.29%, to finish at a record-busting 1,890.90.

The Dow closed just 10 points shy of its own record high.

Uri Landesman, president of Platinum Management, tossed a bit of water on the fire by cautioning that the market won’t perform so well forever.

“I expect a sharp short-term correction and something’s going to trigger that,” Landesman told CNBC. “The law of large numbers suggests something’s going to go wrong at some point.”


Your browser, Internet Explorer 8 or below, is out of date. It has known security flaws and may not display all features of this and other websites.

Learn how to update your browser

Get every new post delivered to your Inbox.

Join 45,372 other followers