The Dow rose 0.9% to end the day at 14,972. The S&P 500 gained 1%, rising above 1,600 for the first time. The Nasdaq gained 1.1% to end at the highest level since November 2000.
“The round numbers are psychologically important, especially for those cautious investors sitting with their cash on the sidelines,” said Jack Ablin, chief investment officer at BMO Private Bank.
Stocks could continue moving higher as individual investors who missed the rally of the past few years have been drawn back in as stocks hit new highs.
Read more about this at Money.cnn.com