Subscribe Register Login

Friday, August 01, 2014, 8:56 a.m.
Top Picks - Capture Arkansas

Dow closes at highest of the year, nearing record

By The Associated Press

This article was published February 12, 2013 at 3:17 p.m.

a-board-on-the-floor-of-the-new-york-stock-exchange-shows-the-closing-number-for-the-dow-jones-industrial-average-friday-feb-1-2013-the-dow-stock-market-index-closed-above-14000-for-the-first-time-since-before-the-financial-crisis-rocked-the-world-economy-its-gained-69-percent-this-year

A board on the floor of the New York Stock Exchange shows the closing number for the Dow Jones industrial average, Friday, Feb. 1, 2013. The Dow stock market index closed above 14,000 for the first time since before the financial crisis rocked the world economy. It's gained 6.9 percent this year.

— The Dow is closing at its highest level of the year, coming within one percent of its record reached in October 2007.

The latest gain was powered by impressive results from two big consumer brands, Avon and luxury clothing maker Michael Kors.

The Dow Jones industrial average rose 47 points to 14,018 Tuesday, putting it within 146 points of its record high of 14,164.

Avon surged 20 percent after its quarterly loss was less than analysts feared. Michael Kors rose 9 percent after its results impressed investors.

The Dow surged at the start of the year, logging its best January in almost two decades.

Two stocks rose for every one that fell on the New York Stock Exchange. Trading was lighter than the recent average at 3.3 billion shares.

Comments on: Dow closes at highest of the year, nearing record

To report abuse or misuse of this area please hit the "Suggest Removal" link in the comment to alert our online managers. Read our Terms of Use policy.

Subscribe Register Login

You must login to make comments.

TOP JOBS

  • Driver trainees

    25 driver traineesneeded now!Become a driver forTMC Transpor...
    LITTLE ROCK, AR

  • Customer service representative

    Full-Time: Takes incoming calls from customers. Must be abl...
    Little Rock, AR

  • Life skill tech

    Direct care, various shifts available. Experience in long te...
    NORTH LITTLE ROCK, AR

  • Bus driver

    school :Academics Plus Charter School is currently seeking a...
    MAUMELLE, AR

  • Dishwasher, backup

    dishwasherlocal retirement center seeking dependable person,...
    LITTLE ROCK, AR

Search 907 jobs >

Top Picks - Capture Arkansas
Arkansas Online