Dow's jump surpasses previous record
Source: Agencies |
March 6, 2013, Wednesday
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Print Edition
Print Edition
THE Dow has never been higher.
The Dow Jones industrial average surged past its previous record set in October 2007, gaining 145 points to stand at 14,273 at midday yesterday. 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.
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.
US stocks have rallied this year on optimism that the housing market is recovering and companies are slowly starting to hire again.
The Dow Jones industrial average surged past its previous record set in October 2007, gaining 145 points to stand at 14,273 at midday yesterday. 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.
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.
US stocks have rallied this year on optimism that the housing market is recovering and companies are slowly starting to hire again.
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