Rally Leaves S&P 500 1 Percent Shy of Record
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The fourth 1 percent rally in seven days pushed the Standard & Poor’s 500 Index past levels where previous rallies failed and within 25 points of a record.
Tuesday’s gain lifted the benchmark gauge for U.S. equity to 2,068.59, moving it above the 2,063 level that marked the top of advances on Feb. 5, Jan. 22 and Jan. 8. Staying above it may lure back buyers who sold when the shares retreated in January, said Robert Pavlik of Boston Private Wealth.