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Transports Late to the Party

Friday ended with a bang as the Industrials notched their first record high of 2015 and the S&P 500 topped 2100. The NASDAQ notched its 8th straight daily gain and sits less than 100 points from its all-time high, set an incredible 15 years ago during the tech bubble.

 

The push to new highs on Friday was driven by news from Europe, as Greece was granted a four-month extension by its international creditors. It's a temporary solution but still removes some of the immediate uncertainty from capital markets. Greece remains part of the Eurozone for now and the bailout program which had been set to expire on February 28th is pushed out until early summer.

 

Friday's action was unique in that it was marked by many indexes all reaching simultaneous new highs. In addition to the Dow and S&P 500, the small-cap Russell 2000 and S&P 600 indexes closed at new highs, as ... Log in or subscribe to continue reading.


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