S&P and Dow reach new highs

The market’s two leading indexes hit new highs this morning before, Bloomberg reports.

The Dow Jones Industrial Average surpassed 16,000 for the first time, while the Standard &Poor’s 500 Index hit 1,800. Both have now pulled back and are trading just below those levels.

Read: How to discuss the market with clients

The prospect of the Federal Reserve’s quantitative easing program extending into the spring, and a signal from China’s leadership that more capitalist economic reforms are on the way, are helping drive investor confidence, Bloomberg reports.

The S&P/TSX composite index also rose, by about 19 points, to 13,502, but it was weighed down by gold stocks, the Canadian Press reports.

Read more here.

Also read:

Gold prices to sparkle again soon

Who tapers — Ben or Yellen?

Staff, with files from The Canadian Press

The Canadian Press is a national news agency headquartered in Toronto and founded in 1917.