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http://www.guardian.co.uk/business/2013/mar/05/dow-jones-record-high-budget
Traders on the Dow floor. The Dow has risen for four of the past five trading days. Photograph: Justin Lane/EPA
The Dow Jones Industrial Average on Tuesday surged to its highest closing level ever, erasing the index's loses during the financial crisis even as Washington fights over its debts and Main Street seems far from mended.
The Dow closed at 14,254, passing its previous high of 14,164.52 in
October 2007.
Better-than-expected news from the service sector bolstered the rally that had begun even before the market opened. Dow futures, a somewhat unreliable indication of the direction the market is likely to take, pushed the index higher before the opening bell as investors absorbed better-than-expected retail figures from Europe.
On Monday, the Dow closed at 14,127.82, up 38.16 points, or 0.27%, a 52-week high. The index has risen for four of the past five trading days
Traders on the Dow floor. The Dow has risen for four of the past five trading days. Photograph: Justin Lane/EPA
The Dow Jones Industrial Average on Tuesday surged to its highest closing level ever, erasing the index's loses during the financial crisis even as Washington fights over its debts and Main Street seems far from mended.
The Dow closed at 14,254, passing its previous high of 14,164.52 in
October 2007.
Better-than-expected news from the service sector bolstered the rally that had begun even before the market opened. Dow futures, a somewhat unreliable indication of the direction the market is likely to take, pushed the index higher before the opening bell as investors absorbed better-than-expected retail figures from Europe.
On Monday, the Dow closed at 14,127.82, up 38.16 points, or 0.27%, a 52-week high. The index has risen for four of the past five trading days
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