“The Standard & Poor’s 500 Index broke above 1,800 Monday, and it’s only a matter of time before it reaches 2,000, experts say.
The Dow Jones Industrial Index also breached a round number Monday — 16,000. The Dow closed at 15,967 Tuesday, while the S&P 500 finished at 1,788.
It’s a no brainer that the S&P 500 should reach 2,000 before the Dow reaches 20,000, as the S&P is 12 percent away from that target, while the Dow is 25 percent away.
In addition, “I think that the recent announcement and the market’s reaction to [Federal Reserve Chair nominee Janet] Yellen’s Q&A on Friday [before Congress] suggest that stimulus is going to be around for longer,” Gina Sanchez, founder of Chantico Global, told CNBC and Yahoo’s Talking Numbers.
“That is going to benefit smaller companies. The S&P has more small componentry to it than the Dow does.”
Richard Ross, global technical strategist at Auerbach Grayson, told Talking Numbers the S&P 500 could reach 2,100….”Twitter