So much for the stock market rally coming to a screeching halt. The S&P 500 surpassed the 2,000 level for the first time ever on Monday morning — but it failed to finish the day above the 2K mark. It closed a hair under 1,998.
Despite a fair amount of ups and downs over the past few months, the popular index of large companies is up 8% this year. And that follows a nearly 30% surge in 2013.
If you’ve had your money in the market since 2009, you’re likely very happy — and a lot richer. The S&P 500 is now up more than 200% since this bull market began in March 2009. Many people invest in retirement funds that mimic the S&P 500.
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