Stock Market Today: No Foolin': S&P 500 Cracks 4,000

The S&P 500 hit, and finished above, the 4,000 mark for the first time in the wake of robust manufacturing data and infrastructure optimism.

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The stock market closed out the holiday-shortened trading week with yet another surge from the technology sector, but April Fools’ Day gains were more widespread than Wednesday's tech-only party.

The S&P 500 eclipsed 4,000 for the first time on optimism gleaned from the Institute for Supply Management's national factory index reading for March, which jumped to 64.7 from 60.8 a month ago. That marks the index's strongest reading since December 1983 and easily beat the Reuters estimate of 61.3.

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Kyle Woodley was long CRM and NVDA as of this writing.

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Kyle Woodley

Kyle Woodley is the Editor-in-Chief of WealthUp, a site dedicated to improving the personal finances and financial literacy of people of all ages. He also writes the weekly The Weekend Tea newsletter, which covers both news and analysis about spending, saving, investing, the economy and more.

Kyle was previously the Senior Investing Editor for Kiplinger.com, and the Managing Editor for InvestorPlace.com before that. His work has appeared in several outlets, including Yahoo! Finance, MSN Money, Barchart, The Globe & Mail and the Nasdaq. He also has appeared as a guest on Fox Business Network and Money Radio, among other shows and podcasts, and he has been quoted in several outlets, including MarketWatch, Vice and Univision. He is a proud graduate of The Ohio State University, where he earned a BA in journalism. 

You can check out his thoughts on the markets (and more) at @KyleWoodley.