The blue chip index last reached that mark in 2007, shortly before the financial crisis began.
The small-cap index remains above the 700 mark, which is the site of its 60-month moving average (equivalent to a five-year moving average).
Still, the index remains below the 50 mark, indicating that more builders continue to view sales conditions as poor versus ones that view them as favorable.
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The Dow Jones industrial average dropped 0.9% to 12, 811.32, the second consecutive day that the blue chip index finished by the 13, 000 mark.
The 500-stock index shuffled around the break-even mark, down 4 points at 1, 565 an hour into the session, while the Dow Jones industrial average slipped 5 points to 14, 573.
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If the Dow closes higher Wednesday, it would mark the longest winning streak for the index since late 1996.
Released Thursday, the latest data show the index just shy of the all-time high mark hit back in February, 26% above its measure a year ago. (Read On The Verge Of A Global Food Crisis).
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The NASDAQ Bank Index, after its rally, still sells 40 percent below its 2006 high water mark.
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Yesterday brought the worst drop for the blue chip index in almost a year, and sank it below the key 13, 000 mark.
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On the Chicago Board Options Exchange Market Volatility Index (VIX), it seems that most traders are looking for a minimum of 30 to mark a short-term bottom for the market.
The purchasing managers index, a measure of economic expansion and contraction, reached 50.9 in March, slightly above the equilibrium mark of 50.
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