Equities Inch Higher After Record Close

Stocks are slightly higher this morning after the S&P 500 closed at a record high yesterday.

Futures are up by less 0.1 percent at the time of this writing, while Europe is bouncing from earlier losses and is now down by less than 0.5 percent. Asian markets were mixed, with China lower but Japan’s Nikkei surging 3 percent on hopes of further central bank stimulus.

Equities have begun 2013 with a strong rally, though the gains have slowed since mid-March as the S&P 500 neared its all-time peaks from 2007. While yesterday marked a new record closing price, the index remains about 3 points below its all-time intraday zenith of 1576.

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