S&P 500 closes above 5,100 points for the first time (NYSEARCA:SPY)

The S&P 500 (SP500) on Friday advanced 0.95% for the week to end at 5,137.08 points, posting gains in three out of five sessions. Its accompanying SPDR S&P 500 Trust ETF (NYSEARCA:SPY) added 0.98% for the week. The benchmark index’s second straight weekly advance saw it close above the historic 5,100 points mark for the first time ever. The milestone represents a benchmark for a Wall Street bull run that has now seen the S&P (SP500) post gains in sixteen of eighteen weeks. Moreover, fellow major average the Nasdaq Composite (COMP.IND) also rose for the week and notched both a…