The S&P 500 reset its record high, and record closing high, for a fifth day in a row as it presses ever closer the 6400-point level, in a rally that appears to be broadening at the same time valuation flags are being waved.
At the close in New York, the index was 0.4 per cent higher to 6388.64; it peaked earlier in the session at 6395.82.
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