Understanding Record Highs

After briefly stumbling the week of September 4, domestic indexes notched significant gains last week and hit record highs.  By Friday, the S&P 500 exceeded 2,500 for the first time, the Dow closed at its highest level ever, and the NASDAQ reached an intraday record.  Each of the indexes gained well over 1% for the week, with the S&P 500 adding 1.58%, the Dow jumping 2.16%, and the NASDAQ increasing 1.39%.  International stocks in the MSCI EAFE also performed well, with a weekly gain of 0.55%.

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