S&P 500 hits 2,000 months earlier than expected

08/25/2014 | Reuters

The Standard & Poor's 500 index inched passed the 2,000 level Monday, beating analysts' expectations that the milestone would be reached toward the end of the year. The stock market has boosted individuals' retirement accounts and companies' pension levels, as well as fortified states' finances. Companies have used gains to buy back stock and to fund mergers and acquisitions.

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