Stocks went up for the third week with all the major indices making record highs during this short trading week. S&P 500 index closed at 2213, up 1.44%, Dow Jones Industrial Average gained 1.51% and technology laden NASDAQ composite index increased 1.45% for the week.
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| Weekly chart of S&P 500 index |
As S&P 500 index broke above its previous high of 2193, we can comfortably say that the rally will keep going for another few weeks and the market is heading higher. On the sector front, finance related sectors led the way again, while small cap stocks out performed the large caps.
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