The S&P 500: Liftoff in 3 ... 2 ... 

The S&P 500 (INDEX: ^GSPC  ) soared upward today to eclipse the closing high it set last October. Driving today's stellar performance was an optimistically rising euro, as well as growing expectations for the U.S. economy's continued growth in 2012.

Source: Yahoo! finance.

What does today's performance mean for the market? Well, we could be looking at the effects of earnings season, or we could be seeing the beginning of a rebound that will see the S&P continuing to climb through the new year. Certainly keep an eye on developments in Europe, but for the moment, just relax and enjoy the ride.

If you're on the hunt for more ideas in the year ahead, check out the new report we've compiled named "The Motley Fool's Top Stock for 2012." It details one company set for a bright future, but it'll be available for only a limited time. Get access to the report and find out the name of this legendary company.

Fool.com graphics/photo/art editor Dari FitzGerald doesn't own shares of any companies mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.


Read/Post Comments (0) | Recommend This Article (3)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

DocumentId: 1755901, ~/Articles/ArticleHandler.aspx, 4/24/2014 11:47:02 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement