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S&P 500 Breaks Through 1395 Resistance

The S&P 500 reached its highest levels since January and has crossed above a key resistance point. The key benchmark closed today just under 1398 and is now less than three points away from the 1400 mark.

080425 SandP at 1400.jpg

In the past three months, the S&P has had runs at the 1395 high hit on February 1 but has not been able to break through. Today it has. The next milestone to look for is 1420 which was the close on January 10.

Leading the S&P were Tenet Healthcare , Fannie Mae and Perkin Elmer .

bythenumbers.cnbc.com