Russian President Vladimir Putin made comments today indicating that the current crisis in the Ukraine will not immediately escalate, leading investors to push stocks from yesterday’s loss to yet another record high.
Continuing consumer confidence and investor belief that the Federal Reserve will support the economy led to small stock market gains for the third consecutive session.
Investors were encouraged by comments made by Federal Reserve Chair Janet Yellen before the Senate today, sending the S&P 500 to a new record high.
Stocks registered only a slight gain today, once again failing to close at a record high.
Slow home price growth and a consumer confidence drop lowered stocks today, preventing the S&P 500 from achieving a new record closing high.
Stocks fell today after U.S. Federal Reserve officials pointed towards maintaining their current pace of tapering stimulus.