The S&P 500 rose 1.1 percent in the past week to 1502, its first close above 1500 since Dec. 10, 2007.
The Dow was up 1.8 percent at 13,895, the highest level since Oct. 31, 2007, and just 1.9 percent away from its all-time high.
The Nasdaq was up 0.5 percent at 3149, held back by big losses in Apple, which fell sharply on disappointing earnings news.
Some
analysts believe that big round numbers, like 1500 and 14,000 on the
Dow are zones that could cause a mild pullback in stocks, or a pause in
the not too distant future.
Stocks closed higher Friday, with the S&P 500 ending above 1,500
and logging its longest winning streak since November 2004, boosted by a
batch of upbeat corporate earnings reports. All three major averages
turned in their fourth-consecutive weekly gain.
"Slowly but
steadily, things have moved ......