Big! Round! Numbers! Dow 21,000…Nasdaq 6,000…Is the S&P 500 Next?

Stocks surged for a second day as the market put geopolitical fears behind it and focused on earnings and the potential for tax cuts . The S&P 500 rose 0.6% to 2,388.61 today, while the Dow Jones Industrial Average climbed 232.23 points, or 1.1%, to 20,996.12. The Nasdaq Composite gained 0.7% to 6,025.49. The fact that the Nasdaq and Dow closed above those big round numbers , in and of themselves don't necessarily mean much, explains State Street Global Advisors' Michael Arone . Combine them with relief from geopolitical uncertainty, the return of tax-cut talks and strong earnings, however, and the round numbers could lead to...