S&P Closes at Record High on Continued Economic Expansion

April 2, 2014

The S&P closed at a record high Wednesday after stronger factory orders and growth in private payrolls, albeit at a slower than expected pace. The government's monthly jobs numbers for March are due April 4. Investors moved out of equity to bond ETFs over the past week, though traders said this was merely a sign of healthy market rotation. Value stocks such as banks are also being favored over growth stocks such as internet companies. Jane Searle speaks with Matt Cheslock at the NYSE.