Morning Market Stir: 2,000 in Sight for the S&P

Monday, August 25 – Alan Knuckman reports from the floor of the CME Group in Chicago where markets finished at new weekly highs on Friday. The S&P closed at a record 1,987.75, down slightly for the day but up 1.75% for the week. The Dow led for the week, finishing up 2% at 16,993, with the Nasdaq at 4,054.75. The dollar continued higher to 82.38, pushing the Euro down to 1.3243. Bonds firmed up, closing at 140’15, as rates continue to fall. Crude was up on Friday at 93.65, with gold attempting to bounce near the 1,280 level. Equities are strong this morning up almost .5%, as the S&P is single digits away from the 2,000 level. The dollar continues higher with the Euro weaker, and bonds have faded. Crude and gold are hanging around their Friday closing prices.