US STOCKS-S&P 500 ends at record closing high

Thu Mar 28, 2013 5:27pm EDT
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* S&P 500 up 10 percent for quarter, best in a year

* S&P surpasses 2007 milestone

* Dow ends at another nominal record high

* Volume Thursday was below year's average

* Dow up 0.4 pct, S&P 500 up 0.4 pct, Nasdaq up 0.3 pct

By Rodrigo Campos

NEW YORK, March 28 (Reuters) - The S&P 500 set a record closing high on Thursday, finishing a fifth consecutive month of gains to extend a four-year rally.

The S&P had hovered near its record for more than two weeks, and market action next week will help determine if this is just another stepping stone for the rally, or if a long-expected pullback is in the offing.

The benchmark S&P 500 closed its strongest quarter in a year - up 10 percent. The Dow climbed 11.3 percent and the Nasdaq gained 8.2 percent for the first three months of the year.   Continued...