Dow surges to record ... and keeps going [View all]
Source: AP-Excite
By STEVE ROTHWELL
NEW YORK (AP) - The Dow has never been higher.
The Dow Jones industrial average set a record and kept going on Tuesday. It jumped from the opening bell, climbed as much as 158 points early and reached 14,286, breaking through its previous record high from October 2007.
Twenty eight stocks in the 30-member Dow advanced, with industrial companies leading the gains. Cisco System rose 46 cents, or 2 percent, to $21.20 and United Technologies climbed $1.89, or 2 percent, to $91.
The gains represent a remarkable comeback for the stock market. The Dow has more than doubled since falling to a low of 6,547 in March 2009 following the financial crisis and the onset of the Great Recession. Stocks have rebounded sharply since then, helped by stimulus from the Federal Reserve, even as the economic recovery has been slow and steady.
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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)
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