(New York, NY) -- The S&P 500 index is hitting a record-high close. This comes as the Dow Jones Industrial Average posts its best first quarter since 1998 with a rise of eleven-percent. The Dow finished up 49 points to 14-576. The S&P 500 gained six points to 15-69, surpassing its previous record closing of 15-65. The Nasdaq rose eleven points to 32-68.