Freedom Capital Markets Chief Global Strategist Jay Woods in CNBC.com

S&P 500 hits 5,000 for the first time, but closes just under the milestone: Live updates

The S&P 500 finished little changed on Thursday after briefly topping the 5,000 milestone for the first time on record.

The broad-based index edged up 0.06% to finish at 4,997.91 after reaching a high of 5,000.40 heading into the close. The Dow Jones Industrial Average rose 48.97 points, or 0.13%, to end at 38,726.33, while the Nasdaq Composite gained 0.24% to close at 15,793.71.

It’s a “good headline, but in perspective, it’s another stop on this ridiculous rally that we’ve seen,” said Jay Woods, chief global strategist at Freedom Capital Markets. “I think the market is tiring, this rally is tiring.”