It Was My Attitude: Dow Industrials Hit New High, S&P 500 Just Misses as Sentiment Supports Markets
December 06, 2016 at 17:11 PM EST
The Dow Jones Industrial Average closed at a new high and the S&P 500 narrowly missed one today thanks to big gains in telecommunications and financial stocks The S&P 500 rose 0.3% to 2,212.23 today, just 0.05% below its all-time high of 2,213.35. The Dow Jones Industrial Average advanced 35.54 points, or 0.2%, to 19,251.78. The Nasdaq Composite gained 0.5% to 5,333.00. The S&P 500 Telecommunications Services index gained 1.5% today, while the S&P 500 Financials index rose 1%. Evercore ISI's Dennis DeBusschere and team consider the role of sentiment in the market's recent advance: