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March 15, 2006

MARKETS HIT NEW HIGHS:

NEW YORK (AP) -- Upbeat reports from the Federal Reserve and DuPont Co. lifted stocks for a second day Wednesday, pushing the Standard & Poor's 500 past 1,300 for the first time since May 2001. The industrials, materials and transportation sectors led the market higher, allowing the S&P 500 to finally pop above 1,297, a ceiling the index has not been able to cross since November.

Via reader Brandon Marx who emails: "Why is no one talking about this?" Larry Kudlow has been asking that for a while.

Ed Driscoll has some thoughts, too.