Posted by: youngragingbull | March 5, 2013

Dow closes at record high

bullThe bulls continued to run wild Tuesday as the Dow Jones industrial average closed at a record high.

It jumped up from the opening bell, climbed as much as 158 points early and reached 14,286, breaking through its previous record high set in October 2007.

The index fell back slightly and closed up 125.95 points at 14,253.77.

The Dow has more than doubled since falling to a low of 6,547 in March 2009 following the financial crisis and the Great Recession.

Meanwhile, the Standard & Poor’s 500 index rose 14.59 points to 1,539.79, within striking distance of its own record close of 1,565. The Nasdaq composite gained 42.10 points to 3,224.13.

Here in Toronto, the S&P/TSX rose 28.63 points at 12,736.04, still well below its all-time high of 15,073 reached in June 2008.

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