A day later, the debate about the longest-ever S&P 500 rally is alive and well.
Stocks are off to a mixed start on Wall Street as the USA market is poised to reach its longest-ever bull run. That represents the bottom of the 1987 bear market that began on 8/25/1987 and culminated in the low on 12/4/1987 with the S&P 500 Index down 33.51%.
The ongoing spat between Donald Trump and China, which has seen both countries slap tariff on each other's product, hasn't done much in deterring the market. Seoul's Kospi shed 0.1 percent to 2,271.56 and Sydney's S&P-ASX 200 retreated 0.2 percent to 6,253.00.
Cramer said the 2011 S&P downgrade of US government debt from AAA to AA+ was been one of the darkest moments in the bull market.
Kevin Caron, senior portfolio manager at Washington Crossing Advisors in Florham Park, New Jersey, has said, "Investors still seem relatively optimistic about growth, and you're seeing that expressed in the market today". Still, the trade-sensitive S&P industrial sector gained 0.67 percent.
The Russell 2000 index of smaller-company stocks picked up 4.50 points, or 0.3 percent, to 1,722.54, a record.
Analysts have recently pointed to a variety of potential threats to the current bull market, including a global economic slowdown prompted by the myriad Trump-triggered trade conflicts. The Nasdaq Composite (.IXIC) dropped 15.13 points, or 0.19 percent, to 7,844.04 at the opening bell.
Treasury Slaps New Sanctions on Russia, Alleging Cyber and North Korea Violations
More will automatically come into place soon unless Russian Federation complies with USA requests, which is unlikely to happen. South Korea is to inspect a Russian cargoship featured on a new USA blacklist for alleged trading with North Korea .
The minutes of Fed's August policy meeting on Wednesday are expected to indicate the central bank's confidence in economic growth and commitment to future rate hikes.
The Dow Jones Industrial Average slid 0.3 percent, to 25,733.60.
Target shares touched an all-time high after the retailer beat quarterly estimates and raised its full-year profit forecast. PulteGroup, Lennar and D.R. Horton rose more than 3.5 percent.
Advancing issues outnumbered decliners by a 2.32-to-1 ratio on the NYSE and a 2.91-to-1 ratio on the Nasdaq.
The S&P 500 posted 43 new 52-week highs and no new lows; the Nasdaq Composite recorded 155 new highs and 29 new lows.
Volume on United States exchanges was 5.86 billion shares, compared with the 6.49 billion average over the last 20 trading days.