S&P 500 Now Just Shy of Hitting the 1,700 Milestone

Wall Street will be eyeing to scale a new milestone when the benchmark Standard & Poor’s 500 index crosses 1,700 possibly Tuesday. S&P 500 (INDEXSP:.INX) posted a 2-point gain in pre-market trading today after the index closed Monday at an all-time high, shying the 1,700 milestone by just 5 points. Monday saw S&P 500 (INDEXSP:.INX) rising to its 23rd record close this year, after the financials and health-care sectors pumped the index to a higher level. According to FactSet, the second-quarter sales for companies belonging to S&P 500 (INDEXSP:.INX) index are on track by rising 1 percent over last year. During the…