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Dow Jones industrial average closes at record high
By The Associated Press
This article was originally published March 5, 2013 at 11:19 a.m. Updated March 5, 2013 at 3:12 p.m.
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NEW YORK — The Dow Jones industrial average closed at record high of 14,254 Tuesday, passing its previous closing record of 14,164 set Oct. 9, 2007, by 90 points.
The Dow has more than doubled since falling to a low of 6,547 in March 2009 following the financial crisis and the recession.
The index is up nearly 9 percent this year, capping a remarkable comeback. The Dow has more than doubled since hitting a 12-year low in March 2009.
The Standard & Poor's 500 index rose 14 points, or 1 percent, to 1,539. The S&P is also within striking distance of its record close of 1,565.
The Nasdaq gained 42 points, or 1.3 percent, to 3,224.
Three stocks rose for every one that fell on the New York Stock Exchange. Volume was light at 3.3 billion shares.
Read tomorrow's Arkansas Democrat-Gazette for full details.
Comments on: Dow Jones industrial average closes at record high
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Captialist12 says... March 5, 2013 at 2:51 p.m.
Who has the money for stocks in Obamaworld? In this lousy economy with millions unemployed or hundreds of thousands furloughed? We don't have money for stocks, golfing with Tiger Woods, or vactioning in Hawaii. We are trying to survive in Obama's world.
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WhoGotYurBack says... March 5, 2013 at 4:03 p.m.
I think it's funny (strange, not ha-ha) that the media types are hyping the wonderful comeback of Wall Street during the Obama administration, when they vilified Bush and his "Wall Street cronies" for the high salaries and then the big bust in 2009. If one takes a close look at the laws and policies, one will find both Clinton and Obama, as well as Bush, have greased the skids for Wall Street to make money. In fact, Barry and Co. are going to have to work hard to keep their reputation as "working for the little guy" (which they never have, they've always looked out for themselves) because of how much money is being made on Wall Street, instead of Main Street.
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inquire says... March 5, 2013 at 4:56 p.m.
Wall Street is connected to Main Street. Millions of ordinary working Americans have money in 401k's or IRA's. If the markets do well, their retirement funds grow. These funds are doing better now than when Bush was president.
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