The S&P/ASX 200 Index's (Index: ^AXJO) (ASX: XJO) dream run has continued today. The index soared as much as 1% to record a new six-year high at 5,598.2 points, before settling back to 5,579 points.
Despite a shaky start to the year, the ASX 200 is now sitting 4.2% up since the beginning of 2014 and 11.2% higher over the last 12 months.
While the local market was aided higher thanks to a positive session on Wall Street overnight, it was also driven by Australia's largest iron ore miners. BHP Billiton Limited (ASX: BHP) skyrocketed 1.6% after its impressive production update, while Fortescue Metals Group Limited (ASX: FMG) and Rio Tinto Limited (ASX: RIO) also received a boost from the news. They each rose 0.8%.
Each of the big four banks have also played a role in dragging the market higher. Commonwealth Bank of Australia (ASX: CBA) and National Australia Bank Ltd (ASX: NAB) were the best performers, gaining 0.6% each, while Australia and New Zealand Banking Group (ASX: ANZ) rose 0.3% to be trading at $33.48.
Lynas Corporation Limited (ASX: LYC) and Acrux Limited (ASX: ACR) are amongst the market's top performers for the day, up 17.7% and 4.2% respectively.
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With the market now sitting at a multiyear high, it has certainly become more difficult to find stocks trading at reasonable prices.
