U.S. Stocks Little Changed as S&P 500 Nears Record Closing Level

U.S. stocks were little changed, with the Standard & Poor’s 500 Index trading near a record closing level, as investors weighed data showing Europe’s economy expanded more than forecast.

The Standard & Poor’s 500 Index advanced 0.1 percent to 2,089.53 at 9:35 a.m. in New York, near a closing record of 2,090.57 reached Dec. 29. The Nasdaq Composite Index added 0.3 percent, at its highest level in almost 15 years.

U.S. equities are approaching record levels for the first time in 2015, bolstered by the biggest three-month rise in hiring in 17 years and signs of easing tension between Greece and its euro-area creditors.

The benchmark gauge has more than tripled from its bear-market low in March 2009, propelled higher by better-than-forecast corporate earnings and three rounds of Federal Reserve bond purchases. The Fed renewed its pledge in January to maintain record-low borrowing costs even as the economy shows signs of acceleration.

Source: Bloomberg

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