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S&P latest index to flirt with all-time high

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Wall Street is closing in on its second record-breaking close in as many weeks.

The broader S&P 500 index jumped Thursday morning and settled in at 1,559.29 by 2 p.m., which is about 6 points short of surpassing the previous all-time high of 1,565.15 in October 2007.

Investors said a new S&P record happen later Thursday or Friday. If so, it would be the second major index to set a record this month.

The Dow Jones, which set a new record high last week, was up less than one percent to 14,503.62, and is approaching its 10th consecutive day of gains.

The Dow on March 5 blew past its previous record of 14,164.53, set by the benchmark index on Oct. 9, 2007.

The New York Stock Exchange was also on track for its tenth straight trading day of gains, the longest such streak since 1996.

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About the Author
Tim Devaney

Tim Devaney

Tim Devaney is a national reporter who covers business and international trade for The Washington Times. Previously, he worked for the Detroit News, Grand Rapids Press, Portland Press Herald and Bangor Daily News. Tim can be reached at tdevaney@washingtontimes.com.

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