Dow trading at all-time high

Posted

NEW YORK (AP) -- The Dow Jones industrial average is trading at an all-time high.

The index surged past its previous record set in October 2007, gaining 145 points to stand at 14,273 at midday Tuesday. That's a gain of 1 percent.

The index is now up nearly 9 percent for the year, capping a remarkable comeback since the depths of the financial crisis. The Dow has doubled since bottoming out at a 12-year low in March 2009.

Tuesday's gains were driven by industrial and technology stocks. IBM, United Technologies and 3M led the Dow higher.

The Standard & Poor's 500 index rose 16 points, also 1 percent, to 1,541. The S&P is also within striking distance of its record close of 1,565. The Nasdaq composite gained 43 points, or 1.4 percent, to 3,225.


TALK TO US

If you'd like to leave a comment (or a tip or a question) about this story with the editors, please email us. We also welcome letters to the editor for publication; you can do that by filling out our letters form and submitting it to the newsroom.

Powered by Creative Circle Media Solutions