Japan Slips Back into a Recession as the S&P 500 Jumps to a Record High

The Dow rose only 13% today as the stocks end mixed on a relatively quiet Monday. However, the S&P 500 was able to push even further to set yet another closing high - this is the 7th record close for the S&P 500 in the last 9 sessions. News that the world's second largest economy, Japan, slipped back into a recession reached Wall Street today. Japan's economy did not expand at the expected 2% pace in Q3, instead contracted 1.6%, marking a second consecutive quarterly loss for Japan.