S&P 500 Surges Above 7,600, Approaches Record High

The S&P 500 index crossed the 7,600 mark during trading, up 1.5% on the day. This marks the first time the index has traded above that level since June 3rd.

The advance leaves the benchmark just 20 points shy of its record high, as the market brushes aside recent concerns.

Analysts noted the quick turnaround, with the index rallying despite macroeconomic noise. The proximity to a new record high has refocused attention on the potential for a breakout.