The S&P 500 index closed on Thursday night at a record high of 1，569，up 6 points or 0.4%. The last time it broke into new territory was on 9 October 2007 when it closed at 1，565.
標準普爾500指數上周四晚創最高收盤紀錄，收于1569點，上漲6點，漲幅為0.4%。該指數上一次觸及收盤高位為2007年10月9日，當日收盤報1565點。(英國廣播公司)
The S&P has been near its record high for several weeks，despite the still sluggish performance of the US economy. This means it finishes the quarter 10% higher than its level at the beginning of the year and more than double its low point during the financial crisis.
標準普爾500指數幾周以來一直位于其歷史高位附近，盡管美國經濟增長依舊緩慢。此次收盤點位意味著該指數在從年初至今的2013年第一季度期間增長了10%，并較金融危機低點高出一倍多。(英國廣播公司)
The index is closely tracked by professional investors and its four-year recovery since 2009 reflects a growing belief that the Federal Reserve’s continuing support for markets and the economy will overcome modest U.S. growth and lingering economic and political weakness in Europe.
作為專業投資者主要追蹤的對象，標準普爾500指數自2009年開始為期四年的反彈，這反映了投資者對于美聯儲持續給市場以支持的信心日益增強，也反映出投資者堅信美國經濟將克服持續的歐洲政治和經濟疲弱的影響，最終走出疲軟的增長態勢。(《華爾街日報》)
But some strategists say Thursday’s record could be a harbinger that the stock market rally is running out of steam.
但一些戰略分析師稱，上周四的收盤紀錄可能是美國股市反彈開始失去動力的預兆。(路透社)
“As the market has gone higher ... upward moves have generally gotten smaller，which suggests that the move is getting old and that we need a pullback，”said Mark Arbeter，chief technical strategist for Standard & Poor’s in New York.
“隨著股市走高……市場上行幅度總體減小，這表明指數上漲開始乏力，我們需要減速，”紐約標準普爾首席技術顧問馬克·阿爾貝特稱。(路透社)
Investors warned clients not to get overly excited.“Getting back to where we were is an important step，”said Howard Silverblatt，senior index analyst at S&P Dow Jones Indices. But he cautioned in a note to investors：“Markets are volatile，and if you are a long-term investor you should expect declines.”
投資者提醒客戶切勿過度興奮。標普道瓊斯指數資深分析師霍華德·希爾弗布拉特稱，“回到之前的水平是很重要的一步。”但他在一份給投資者的報告中警告稱，“市場是波動的，長期投資者應該預料到市場有走低的可能。”(《衛報》)
So far，annual inflation has been benign enough that policy makers have largely ignored it，but U.S. consumer prices nevertheless are up 13% since 2007. Stock indexes only recently have moved above their levels of that period，meaning they remain far from records after adjusting for inflation.
迄今為止，美國溫和的年通貨膨脹率足以使決策者基本上忽略物價的上漲壓力。但美國消費價格自2007年以來已累計上漲了13%。而股指直到最近才突破當時的水平，這意味著在經過通貨膨脹因素調整后，股指距離新的高點仍有很大一段距離。(《華爾街日報》)
The stock market next week will face tests of the milestone it reached，with the situation of Cyprus’s banks and a round of U.S. data，including the March jobs report on Friday，facing investors.
鑒于塞浦路斯銀行的現狀以及即將公布的一系列美國經濟數據，包括將于周五發布的3月份就業報告，美國股市此次創下的里程碑式的新紀錄即將面臨考驗。(路透社)