{"id":46363,"date":"2013-08-01T16:29:00","date_gmt":"2013-08-01T16:29:00","guid":{"rendered":"https:\/\/www2.thestockmarketwatch.com\/stock-market-news\/stocks-surge-on-economic-data-sp-500-crosses-1700-for-the-first-time\/46361\/"},"modified":"2013-08-01T16:29:00","modified_gmt":"2013-08-01T16:29:00","slug":"stocks-surge-on-economic-data-sp-500-crosses-1700-for-the-first-time","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stocks-surge-on-economic-data-sp-500-crosses-1700-for-the-first-time\/46363\/","title":{"rendered":"Stocks Surge on Economic Data; S&#038;P 500 Crosses 1,700 For the First Time"},"content":{"rendered":"<p><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"ca-pub-1408583772585547\";\n\/* SMW - News Links *\/\ngoogle_ad_slot = \"3490797620\";\ngoogle_ad_width = 468;\ngoogle_ad_height = 15;\n\/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/p>\n<p>Thursday turned out to be a historic day on Wall Street as the <a href=\"https:\/\/stockmarketwatch.com\/markets\/sp500\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&amp;P 500<\/a> crossed the 1,700 level for the first time. Stocks rallied as market participants digested some robust economic data. All three major indexes finished the day near session highs.<\/p>\n<p><span id=\"more-46363\"><\/span><\/p>\n<p>The <a href=\"https:\/\/thestockmarketwatch.com\/markets\/dowjones\/today.aspx\">Dow Jones<\/a> ended the day 0.83% higher at 15,628.02, the S&amp;P 500 ended the day 1.25% higher at 1,706.87, and the <a href=\"https:\/\/thestockmarketwatch.com\/markets\/nasdaq\/today.aspx\">Nasdaq<\/a> ended the day 1.36% higher at 3,675.74.<\/p>\n<p>All sectors in the S&amp;P 500 rose sharply. Industrials led the gains in the S&amp;P 500, ending the day 1.67% higher. Consumer Cyclical sector ended the day 1.64% higher. Financials ended the day 1.53% higher.<\/p>\n<p>Among the major movers in trading on Thursday were Yelp Inc. (<a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=YELP\" target=\"_blank\" rel=\"noopener\">NYSE: YELP<\/a>), which ended the day 23.21% higher at $51.50, Trulia Inc. (<a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=TRLA\" target=\"_blank\" rel=\"noopener\">NYSE: TRLA<\/a>), which ended the day 19.51% higher at $44.53, Pioneer Natural Resources (<a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=PXD\" target=\"_blank\" rel=\"noopener\">NYSE: PXD<\/a>), which ended the day 12.53% higher at $174.15, Renren Inc. (<a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=RENN\" target=\"_blank\" rel=\"noopener\">NYSE: RENN<\/a>), which ended the day 19.52% higher at $3.98, and Facebook Inc. (<a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=FB\" target=\"_blank\" rel=\"noopener\">NASDAQ: FB<\/a>), which ended the day 1.87% higher at $37.49.<\/p>\n<p>On the economic front, a report from the Labor Department showed that initial jobless claims fell to the lowest level since January 2008 last week. Meanwhile, a report from the Institute for Supply Management showed that manufacturing activity accelerated in July.<\/p>\n<p>European markets ended mostly higher on Thursday, with the FTSE 100 Index in London closing 0.92% higher, and the CAC 40 Index in Paris closing 1.25% higher. Asian markets also ended mostly higher overnight, with the Nikkei 225 Index in Japan closing 2.47% higher, and the Hang Seng Index in Hong Kong closing 0.94% higher.<\/p>\n<p>&nbsp;<\/p>\n<div class=\"nr_popular_placeholder\" data-permalink=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/stocks-surge-on-economic-data-sp-500-crosses-1700-for-the-first-time\/46363\" data-title=\"Stocks Surge on Economic Data; S&amp;P 500 Crosses 1,700 For the First Time\"><\/div>\n<p><script id=\"mNCC\" language=\"javascript\">  medianet_width='600';  medianet_height= '250';  medianet_crid='814932888';  <\/script>  <script id=\"mNSC\" src=\"https:\/\/web.archive.org\/web\/20130803184223js_\/http:\/\/contextual.media.net\/nmedianet.js?cid=8CUT71M67\" language=\"javascript\"><\/script> <\/p>\n<p><!-- AddThis Button BEGIN --><\/p>\n<div class=\"addthis_toolbox addthis_default_style addthis_32x32_style\">\n<a class=\"addthis_button_preferred_1\"><\/a><br \/>\n<a class=\"addthis_button_preferred_2\"><\/a><br \/>\n<a class=\"addthis_button_preferred_3\"><\/a><br \/>\n<a class=\"addthis_button_preferred_4\"><\/a><br \/>\n<a class=\"addthis_button_compact\"><\/a><br \/>\n<a class=\"addthis_counter addthis_bubble_style\"><\/a>\n<\/div>\n<p><script type=\"text\/javascript\">var addthis_config = {\"data_track_addressbar\":true};<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/s7.addthis.com\/js\/250\/addthis_widget.js#pubid=pennystocksfinder\"><\/script><br \/>\n<!-- AddThis Button END --><\/p>\n<p>More Posts by this author<\/p>\n<ul>\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/athlon-shares-climb-nearly-38-on-first-trading-day-athl\/46399\"><br \/>\nAthlon Shares Climb Nearly 38% on First Trading Day (ATHL)<\/a><\/li>\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/mylan-shares-rally-after-several-upgrades-myl\/46397\"><br \/>\nMylan Shares Rally After Several Upgrades (MYL)<\/a><\/li>\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/stocks-end-higher-19\/46392\"><br \/>\nStocks End Higher<\/a><\/li>\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/gold-futures-pare-early-losses-after-tepid-job-data-silver-prices-rise-sharply\/46388\"><br \/>\nGold Futures Pare Early Losses After Tepid Job Data; Silver Prices Rise Sharply<\/a><\/li>\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/stocks-remain-in-red-territory-3\/46385\"><br \/>\nStocks Remain in Red Territory<\/a><\/li>\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/forex-market-update-dollar-index-falls-after-non-farm-payrolls-data\/46383\"><br \/>\nForex Market Update: Dollar Index Falls After Non-Farm Payrolls Data<\/a><\/li>\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/stocks-edge-lower-in-early-trading-10\/46380\"><br \/>\nStocks Edge Lower in Early Trading<\/a><\/li>\n<\/ul>\n<hr>\n<table style=\"border:none;margin:0;\">\n<tr>\n<td style=\"padding:5px;vertical-align:top;\" valign=\"top\">\n<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/web.archive.org\/web\/20130803184223im_\/http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/wp-content\/uploads\/userphoto\/5.jpg\" alt=\"edliston\" width=\"125\" height=\"125\" class=\"photo\"><\/td>\n<td style=\"padding:5px;vertical-align:top;\" valign=\"top\">\n<div style=\"font-size:11pt;\"><b>Post Written By: Ed Liston <\/b><\/div>\n<div style=\"font-size:10pt;\">\n<p>Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.\n<\/p><\/div>\n<\/td>\n<\/tr>\n<\/table>\n<p><!--script type=\"text\/javascript\">\ngoogle_ad_client = \"pub-1408583772585547\";\n\/* 336x280, created 7\/9\/11 *\/\ngoogle_ad_slot = \"3552319058\";\ngoogle_ad_width = 336;\ngoogle_ad_height = 280;\n\n<\/script>\n<script type=\"text\/javascript\"\nsrc=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script--><\/p>\n<div style=\"margin:5px;margin-bottom:20px;font-size:11pt;\">&laquo; <a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/\">Return to Stock Market News<\/a> &laquo; <\/div>\n","protected":false},"excerpt":{"rendered":"<p>Thursday turned out to be a historic day on Wall Street as the S&amp;P 500 crossed the 1,700 level for [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50312,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center 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