--- description: The S&P 500 was up more than 1 percent to 1,855.22 mid-Monday afternoon, surpassing a high of 1,848.38 that it reached on Jan. 15. The Dow Jones Industrial Average was also up more than 1 percent title: S&P 500 Rallies to Record High image: https://static.time.com/v3/assets/bltea6093859af6183b/blt36520162c666a587/698682f93bc99906961a20f8/2014-02-24t185226z_1820348615_gm1ea2p0-copy.jpg?branch=production&width=3840&quality=75&auto=webp&crop=16:9 ---  * [World](/section/world/) ## World Update your preferences in [Account Settings](/account/preferences/) Close # Wall Street Rally Erases 2014 Losses  by [Noah Rayman](/author/noah-rayman/)  ## Noah Rayman Update your preferences in [Account Settings](/account/preferences/) Close Feb 24, 2014 7:07 PM CUT  Traders work on the floor of the New York Stock Exchange, Feb. 24, 2014. Traders work on the floor of the New York Stock Exchange, Feb. 24, 2014.Brendan McDermid—Reuters  by [Noah Rayman](/author/noah-rayman/)  ## Noah Rayman Update your preferences in [Account Settings](/account/preferences/) Close Feb 24, 2014 7:07 PM CUT Stocks rallied on Monday with the S&P 500 reaching a[ record high](http://www.cnbc.com/id/101439980 "undefined") and erasing losses from earlier in the year, as investors signaled a willingness to write off recent sluggish economic data to the winter weather. The S&P 500 was up more than 1 percent to 1,855.22 mid-Monday afternoon, surpassing a high of 1,848.38 that it reached on Jan. 15, [according](http://www.bloomberg.com/news/2014-02-24/u-s-index-futures-are-little-changed-as-comcast-advances.html "undefined") to Bloomberg News. The Dow Jones Industrial Average was also up more than 1 percent. “I do think the economy is a lot stronger than the recent data has suggested,” Bruce Bittles, chief investment strategist at RW Baird & Co, told CNBC. A report early Monday showed that growth in the [service sector](http://www.cnbc.com/id/101439842 "undefined") slowed in February. Federal Reserve Chair Janet Yellen said earlier this month the central bank will continue to [scale back](http://business.time.com/2014/02/11/federal-reserve-fed-janet-yellen-stimulus-continuity/ "undefined") its stimulus program amid an improving economic outlook. She will testify before a Senate panel on Thursday. ```json [{"@context":"https://schema.org","@type":"NewsArticle","@id":"https://time.com/9332/stocks-wall-street-rally/","mainEntityOfPage":{"@type":"WebPage","@id":"https://time.com/9332/stocks-wall-street-rally/"},"headline":"Wall Street Rally Erases 2014 Losses","datePublished":"2014-02-24T19:07:41.000Z","dateModified":"2026-02-21T06:28:20.966Z","description":"The S&P 500 was up more than 1 percent to 1,855.22 mid-Monday afternoon, surpassing a high of 1,848.38 that it reached on Jan. 15. The Dow Jones Industrial Average was also up more than 1 percent","url":"https://time.com/9332/stocks-wall-street-rally/","keywords":["stocks","eBay","Dow Jones","S&P 500"],"thumbnailUrl":"https://static.time.com/v3/assets/bltea6093859af6183b/blt36520162c666a587/698682f93bc99906961a20f8/2014-02-24t185226z_1820348615_gm1ea2p0-copy.jpg?branch=production&width=1200&quality=75&auto=webp&crop=1200:675&height=675","author":[{"@type":"Person","name":"Noah Rayman","jobTitle":null,"url":"https://time.com/author/noah-rayman/"}],"articleSection":"World","image":[{"@type":"ImageObject","url":"https://static.time.com/v3/assets/bltea6093859af6183b/blt36520162c666a587/698682f93bc99906961a20f8/2014-02-24t185226z_1820348615_gm1ea2p0-copy.jpg?branch=production&width=1200&quality=75&auto=webp&crop=1200:675&height=675","width":1200,"height":675,"headline":"Traders work on the floor of the New York Stock Exchange","caption":"Traders work on the floor of the New York Stock Exchange","creditText":"Brendan McDermid—Reuters","representativeOfPage":true}],"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":"https://time.com/9332/stocks-wall-street-rally/","name":"Wall Street Rally Erases 2014 Losses"}}]}] ```