Dow Shoots to Record High

Mar 5, 2013 at 1:14 pm

NEW YORK (AP) - Big news out of Wall Street - the Dow Jones industrial average is trading at an all-time
high.
 
The index surged past its previous record set in October 2007, gaining 145
points to stand at 14,273 at midday Tuesday. That's a gain of 1 percent.
 
The index is now up nearly 9 percent for the year, capping a remarkable
comeback since the depths of the financial crisis. The Dow has doubled since
bottoming out at a 12-year low in March 2009. 
 
Tuesday's gains were driven by industrial and technology stocks.  IBM, United
Technologies and 3M led the Dow higher. 
 
The Standard & Poor's 500 index rose 16 points, also 1 percent, to 1,541. The
S&P is also within striking distance of its record close of 1,565. The Nasdaq
composite gained 43 points, or 1.4 percent, to 3,225.

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