S&P 500 sets new intraday high; sits just 14 points away from best year since 1997

The S&P 500 index

SPX, +0.00%

set a new intraday record high of 3,235.46 Thursday morning after gaining 12.08 points, or 0.4%, before pulling back slightly. The large-cap index has risen more than 29% year-to-date, and as of midday Thursday, remains about 14 points less than the 3,248.88 level needed to surpass 2013’s gains of 29.6%. If the S&P can close out the year above that level, it will mark the best calendar-year gain for the index since 1997. The Nasdaq Composite index

COMP, -0.17%

also set a new intraday high Thursday, trading above 9,000 for the first time in history.

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