S&P 500 Breaks Through 1,500 - First Time Since `07 1/24/13
NEW YORK (AP) - The Standard & Poor's 500 index has traded today above 1,500 for the first time since December 2007 following a sudden drop in claims for unemployment benefits, another sign that the labor market is healing.
A plunge in Apple's stock pulled the Nasdaq composite index lower. The electronics giant predicted slower sales.
The Labor Department reported that the number of Americans applying for unemployment aid fell last week to the lowest since January 2008.
Netflix soared 39 percent after surprising the market with strong subscriber growth and a profit.