The S&P 500 just hit 3,000 for the first time. Here’s what it means for you.
The Standard & Poor’s 500 passed 3,000 for the first time on Wednesday. Time to break out the champagne? Unless it’s for the U.S. Women’s National Soccer Team that led a ticker-tape parade past Wall Street this morning, the answer is probably, “no.” Investing can be confusing — full of numbers and abstractions. So when the market passes a big fat milestone like 3,000, it gets a lot people talking. But the S&P 500’s achievement is almost certainly meaningless as far as your wallet is concerned, Read the full story
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