This year's run of all-time highs for the S&P 500 has put 2021 in some rare territory, and that might make some investors nervous.
 | FRI, SEP 03, 2021 | | | | DOW | | NAME | LAST | CHG | %CHG | | AAPL | 154.30 | +0.65 | +0.42% | | MSFT | 301.14 | -0.01 | -0.00% | | INTC | 53.51 | -0.22 | -0.41% | |
| | S&P 500 | | NAME | LAST | CHG | %CHG | | AAPL | 154.30 | +0.65 | +0.42% | | CCL | 22.96 | -1.06 | -4.41% | | AMD | 109.92 | +0.72 | +0.66% | |
| | NASDAQ | | NAME | LAST | CHG | %CHG | | AAPL | 154.30 | +0.65 | +0.42% | | AMD | 109.92 | +0.72 | +0.66% | | NVDA | 228.43 | +4.47 | +2.00% | |
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The Dow Jones Industrial average stumbled on Friday, after a major miss in the August jobs report. Tech stocks supported the broader market, leading the Nasdaq Composite to outperform and the S&P 500 to close little changed. But the S&P 500 still managed to end the week in the green, up 0.6%. The benchmark also on Thursday notched its 53rd record close of 2021, which is the fifth most of any year over the past century, according to Bank of America. While many on Wall Street are bullish about where stocks will go from here, history shows that this type of run for the market can signal a rocky period ahead. In fact, two of the top-10 years for record highs are 1929 and 1987, which featured dramatic market crashes. "Top 10 years of 'highs' have a certain notoriety, both good & bad," Michael Hartnett, the chief investment strategist at Bank of America Securities, said in a note to clients. |
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