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S&P 500 Closes At Record High

Jacqueline Jackson |
April 29, 2013 | 4:06 p.m. PDT

Executive Producer

Google Finance | Screenshot
Google Finance | Screenshot
The S&P 500 Index ended at an all time high on Monday after the growth of many stocks, including technology and energy, helped to create the much needed sixth rise of the index over the past seven periods.

The rise, according to Reuters, was also attributed to stronger than expected housing data and Italy's establishment of a new government. The new government presents great potential for the economy as citizens are already showing an increase in spending and support for new leadership.

There were a top set of Amerian companies that helped to create the surge in the stock. One of the lifting markets was Apple (AAPL) Inc which jumped 3.1 percent. Also, CNN Money reported Hewlett Packard (HPQ) , IBM (IBM) and Microsoft (MST) were also big winners in today's report. If the stocks maintain today's rates the stocks could continue being in the black and all U.S. stocks could end April with gains this week.

The USA Today reported that the S&P 500 ended at 1,593.61, a gain of +11.37 and increase from the recorded breaking April 11th closing of 1,5693.37.  Out of the companies that contributed to the increase 7 out of 10 reported higher than expected earnings.

For more information on the S&P 500 visit CNN here.

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