These 25 stocks in the S&P 500 just hit record highs
Thursday, Aug 03, 2017 07:47 by InvestingPie

Stock prices will inevitably reach record highs during bull markets, but milestones are a big deal, as we saw in the response to the Dow Jones Industrial Average closing above 22,000 for the first time Wednesday.

You might expect technology stocks to dominate the list of U.S. equities at all-time highs. But the list of 25 S&P 500 stocks that just hit a closing record includes five insurance companies. This group has had attractive price-to-earnings valuations and investors see better times ahead for property/casualty and life insurers as interest rates rise, while health insurers are riding the Washington gravy train.

Shares of Apple Inc. AAPL, -0.75% the largest component of the Dow Jones Industrial Average DJIA, +0.07%  were up nearly 5% to hit a new closing high of $157.14 on Wednesday, on the strength of its better-than-expected earnings results and the anticipation of a new iPhone. The stock has returned 37% this year, with dividends reinvested. Its market value increased by $43.6 billion Wednesday to $811.7 billion.

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Very informative
05-03 04:23 by Liam
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