The S&P 500 rose 0.5% to close at its highest level ever on Monday, hitting a new record for the first time since July.
Dow Jones Industrial Average
The stock market is overreacting
Stocks took a nosedive for the 2nd consecutive day on Wednesday and the Dow and S&P fell for the 4th time in 5 sessions. But the U.S. Treasury market experienced a far smaller move, as it has been factoring in manufacturing weakness and slowing job growth for months.