On the eve of the Federal Reserve's interest rate meeting, the S&P 500 index notched yet another record closing high—its 18th for the year—surging over 8% year-to-date and outperforming both the Nasdaq Index and the Dow Jones Industrial Average.
Wall Street strategists are increasingly bullish on the $S&P 500 Index(.SPX.US)$, with many revising their year-end targets upward as the index repeatedly scales new peaks. ...