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S&P 500 broke 1,400 since June 2008

March 15, 2012

The S&P 500 index is up 8 points, or 0.5%, at 1402, its first push above 1400 since June 5, 2008. The S&P 500 is now up 11% this year.

Pushing through the milestone comes after the Dow surpassed 13000 and the Nasdaq Comp advanced above 3000 for the first time in more than 11 years.

Firmer readings on the labor market and manufacturing activity have set the stage for today’s gains.

Not surprisingly, financials are leading the charge higher. Financials are the S&P 500′s best-performing sector this year, up more than 20%. Tech is a close second, up about 20%, while consumer discretionary stocks are up 14% and industrials have advanced 12%.

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