S&P Closes at New All Time High

On Thursday, the market opened slightly up and initially move higher, but the day ended with mixed results. The Nasdaq hit a new 14-year high, but then it fell and closed below its opening price, down -5 points (-0.13%). The S&P rose +3 points to close at an all time high of 1,877 (+0.17%). The Dow advanced +61 points while the Russell 2000 fell -1 point.

Volume was above average on both the S&P and Nasdaq. The advance/decline ratio was even, but up volume beat down volume by 1.6 to 1. The VIX closed at 14.21, showing that market sentiment remains bullish (VIX is a contrarian sentiment indicator). 

The conflict in the Ukraine is still an unknown factor which could affect the market. On Friday, investors may decide to take some profits off the table rather than hold over the weekend.