Michael Pistillo, Jr. right, with Barclays, calls out the price of Tiffany & Co. stock to Joseph Lawlor at the New York Stock Exchange, Tuesday, March 5, 2013 in New York. The Dow Jones industrial average jumped nearly 100 points early Tuesday, reaching an all-time high, powered by China's strong economic growth targets and a jump in European retail sales. (AP Photo/Mark Lennihan)
Michael Pistillo, Jr. right, with Barclays, calls out the price of Tiffany & Co. stock to Joseph Lawlor at the New York Stock Exchange, Tuesday, March 5, 2013 in New York. The Dow Jones industrial average jumped nearly 100 points early Tuesday, reaching an all-time high, powered by China's strong economic growth targets and a jump in European retail sales. (AP Photo/Mark Lennihan)
NEW YORK (AP) ? The Dow is closing at a record, beating the previous high it set in October 2007, before the financial crisis and the Great Recession.
The Dow Jones industrial average rose 125.95 points, or 0.9 percent, to close at 14,253.77 Tuesday, beating its previous record by 89 points.
The index is up 8.8 percent this year, capping a remarkable comeback. The Dow has more than doubled since hitting a 12-year low in March 2009.
The Standard & Poor's 500 index rose 14.59 points, or 1 percent, to 1,539.79. The S&P is also within striking distance of its record close of 1,565.
The Nasdaq gained 42.10 points, or 1.3 percent, to 3,224.13.
Three stocks rose for every one that fell on the New York Stock Exchange. Volume was light, 3.3 billion shares.
Associated PressOscar Results Jennifer Lawrence Fall Ang Lee les miserables jennifer lawrence Oscar Winners 2013 quentin tarantino
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.