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The Closing Bell ! S&P 500 Closes At Record On Fed Expectations

Comments

  • fiscal year end for many mutual funds is October, nice mark-up day opportunity for many.
  • Since funds must advertise on a standardized calendar year (and calendar quarter) basis (and not their varied fiscal bases), a run up today doesn't provide them window dressing.

    However, I believe that the amount of gains they distribute are based on their fiscal year (not 100% certain, though); in that case, let's hope they didn't decide to recognize their gains from today's appreciation.
  • Courtesy of Marketwatch
    The S&P 500 SPX +0.56% notched its 33rd record close of the year, finishing up 9.84 points, or 0.6%, at 1,771.95. Telecom and consumer staples fared best among S&P 500 sectors, while materials and utilities performed the worst.
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