News Column

Dow Blue Chip Index Surges Past All-time High

March 5, 2013
bull market

The Dow Jones industrial average quickly pulsed above its all-time closing high Tuesday morning in New York, grabbing 144 plus points when only 38 was needed.

The blue-chip index, a select listing of 30 of the country's trend-setting corporations, closed at an all-time peak of 14,164.53 on Oct. 9, 2007.

On Monday, the Dow ended the day with its second highest close on record at 14,127.82 points.

The Dow was pushed Tuesday by solid gains in Asia and Europe and a report on U.S. services oriented businesses that showed growth in January, albeit at a slower pace than December.

In late morning trading, the Dow added 148.07 points or 1.05 percent to 14,275.89. The Standard and Poor's 500 index added 16.24 points or 1.06 percent to 1,541.44. The Nasdaq composite, however, set the pace, gaining 39.64 points or 1.25 percent to 3,221.67.

The 10-year U.S. treasury note fell 6/32 to yield 1.901 percent.

Against the dollar the euro was lower at $1.3017 from Monday's $1.3026. Against the yen, the dollar was down to 93.42 yen from 93.48 yen.

In Tokyo, the Nikkei 225 rose 0.27 percent on a gain of 31.16 points, to 11,683.45.


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Source: Copyright United Press International 2013


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