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Tue., 1:24pm: Dow Jones industrial average surges to record

March 5, 2013
Tribune Chronicle | TribToday.com

NEW YORK -- The Dow has never been higher.

The Dow Jones industrial average surged passed its all-time high and kept going on Tuesday. It jumped up from the opening bell, climbed as much as 158 points early and reached 14,286, breaking through its previous record high set in October 2007.

The index fell back slightly and was trading up 136 points, or less than 1 percent, at 14,264 as of 12:35 p.m. EST.

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 Great Recession. Stocks have rebounded sharply since then with the help of a large dose of stimulus from the Federal Reserve, even as the economic recovery has been slow and steady rather than spectacular.

 
 

 

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