--- description: Stocks rise for the fourth-straight day title: Stocks Close Higher as S&P Sets New Record image: https://static.time.com/v3/assets/bltea6093859af6183b/bltde093bcdab65f2d0/6988d9b9bc6cfc69913e2a3c/time-logo.jpg?branch=production --- * [World](/section/world/) ## World Update your preferences in [Account Settings](/account/preferences/) Close * [stocks](/tag/stocks/) ## stocks Update your preferences in [Account Settings](/account/preferences/) Close # Stocks Close Higher as S&P Sets New Record  by [Denver Nicks](/author/denver-nicks/)  ## Denver Nicks Update your preferences in [Account Settings](/account/preferences/) Close Apr 2, 2014 8:40 PM CUT  by [Denver Nicks](/author/denver-nicks/)  ## Denver Nicks Update your preferences in [Account Settings](/account/preferences/) Close Apr 2, 2014 8:40 PM CUT Stocks [closed](http://www.cnbc.com/id/101547802 "undefined") 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.” \[[CNBC](http://www.cnbc.com/id/101547802 "undefined")\] ```json [{"@context":"https://schema.org","@type":"NewsArticle","@id":"https://time.com/47399/sp-record-stocks-close/","mainEntityOfPage":{"@type":"WebPage","@id":"https://time.com/47399/sp-record-stocks-close/"},"headline":"Stocks Close Higher as S&P Sets New Record","datePublished":"2014-04-02T20:40:08.000Z","dateModified":"2026-02-21T07:06:15.311Z","description":"Stocks rise for the fourth-straight day","url":"https://time.com/47399/sp-record-stocks-close/","keywords":["stocks","S&P","Markets","dow jones industrial average"],"thumbnailUrl":"","author":[{"@type":"Person","name":"Denver Nicks","jobTitle":null,"url":"https://time.com/author/denver-nicks/"}],"articleSection":"World","image":[],"publisher":{"@type":"Organization","name":"Time","url":"https://time.com/","logo":{"@type":"ImageObject","url":"https://time.com/images/logo.png","width":528,"height":156},"foundingDate":"March 3, 1923","sameAs":["https://www.facebook.com/time","https://www.instagram.com/time/?hl=en","https://twitter.com/time","https://www.pinterest.com/timemagazine"]}},{"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"item":{"@id":"/section/world/","name":"World"}},{"@type":"ListItem","position":2,"item":{"@id":"/tag/stocks/","name":"stocks"}},{"@type":"ListItem","position":3,"item":{"@id":"https://time.com/47399/sp-record-stocks-close/","name":"Stocks Close Higher as S&P Sets New Record"}}]}] ```