S&P 500 Ticks Higher After Record Close

Stocks are inching higher today after the S&P 500 broke out to new all-time highs yesterday.

Futures on the index are fractionally higher, while most European markets are up by about one-third to half a percent. Asian markets also advanced overnight, led by a 2 percent gain in Japan.

Yesterday the S&P 500 closed almost 12 points above its previous record level from 2007, following breakouts earlier in the year by the Russell 2000 and the Dow Jones Industrial Average. That leaves the Nasdaq 100 as the only major benchmark to remain below its previous peaks.

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