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Dow closes at all-time high, beating 2007 record

By Associated Press

LAST UPDATED: 12:12 p.m. HST, Mar 05, 2013

NEW YORK » The Dow is closing at a record, beating the previous high it set in October 2007, before the financial crisis and the Great Recession.

The Dow Jones industrial average rose 125.95 points, or 0.9 percent, to close at 14,253.77 today, beating its previous record by 89 points.

The index is up 8.8 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 14.59 points, or 1 percent, to 1,539.79. The S&P is also within striking distance of its record close of 1,565.

The Nasdaq gained 42.10 points, or 1.3 percent, to 3,224.13.

Three stocks rose for every one that fell on the New York Stock Exchange. Volume was light, 3.3 billion shares.

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serious wrote:
Golly, I sold all of my stocks in October, 2007--I should have held on!!! NOT. I bought them back in mid '08. Never listen to stock advisors, use your own head!!!!!
on March 5,2013 | 11:40AM
st1d wrote:
sequestration with its lowering rate of spending gives investors hope for economic recovery.
on March 5,2013 | 01:17PM
DowntownGreen wrote:
It will be interesting to see if the posters in this forum who put the blame for the stock market drop on President Obama right after the election will now come in here and give him credit for this new record. Anybody believe that will happen? Nahhhhh.....
on March 5,2013 | 01:22PM
st1d wrote:
if he takes credit for sequestration, he can take credit for the stock market's finish today. but he already condemned sequestration as a republican plot to save the capitalist economy.
on March 5,2013 | 03:51PM
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