(Bloomberg) -- Companies in the Standard & Poor's
500 Index may still be a bargain after the benchmark for U.S.
equities surpassed its 2000 record.
The index's 500 members are 45 percent less expensive
relative to historical profits than when the index last peaked,
and 30 percent cheaper than when it fell to a decade low in
October 2002. Price-to-earnings ratios declined after companies
reported 14 straight quarters of 10 percent-plus profit growth,
the longest streak since 1950.
Read more at Bloomberg Stocks News
500 Index may still be a bargain after the benchmark for U.S.
equities surpassed its 2000 record.
The index's 500 members are 45 percent less expensive
relative to historical profits than when the index last peaked,
and 30 percent cheaper than when it fell to a decade low in
October 2002. Price-to-earnings ratios declined after companies
reported 14 straight quarters of 10 percent-plus profit growth,
the longest streak since 1950.
Read more at Bloomberg Stocks News
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