U.S. stocks rallied on Monday, with the S&P 500 crossing 2,000 for the first time, lifted by a round of corporate deals and optimism that the European Central Bank would embark on further moves to stimulate the European economy.
“I’ve got the bottle ready to open,” said Howard Silverblatt, senior index analyst at S&P Dow Jones Indices, referring to a 1998 Dom Perignon champagne that he plans to pop when the S&P 500 finishes above the milestone.
“Closing above 2,000 would be a bit more significant because then you can bounce from there; it gives people a sense of confidence more than anything else; it’s a psychological mark, not a technical mark,” said JJ Kinahan, chief strategist at TD Ameritrade.
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