Dow Passes All-Time High

Stocks soar at open after positive report from China

By Kevin Spak,  Newser Staff

Posted Mar 5, 2013 8:53 AM CST

(Newser) – The Dow Jones Industrial Average reached its highest level ever just after the opening bell this morning, thanks in part to China's pronouncement that it would be maintaining its growth target. As of 9:51, the Dow was up 103 points, to 14,231. Its previous high, set in October 2007, was 14,165, TheStreet reports. The Nasdaq and S&P were up as well, rising 26 and 11 points respectively.

"Confidence and sentiment are improving," one market strategist tells Bloomberg. "The market has shrugged off some pretty tough news from overseas with the Italian elections and Europe. We’re seeing the US markets continuing its move up here."

Trader Donato Cuttone, right, works on the floor of the New York Stock Exchange, Feb. 28, 2013.
Trader Donato Cuttone, right, works on the floor of the New York Stock Exchange, Feb. 28, 2013.   (AP Photo/Richard Drew)
« Prev« Prev | Next »Next » Slideshow
My TakeCLICK BELOW TO VOTE
5%
20%
2%
50%
14%
9%
To report an error on this story, notify our editors.

NEWS FROM OUR PARTNERS
Other Sites We Like:   The Street   |   24/7 Wall St.   |   BuzzFeed   |   Cracked   |   World History Project   |   POPSUGAR Tech   |   Business Insider   |   HuffPost Entertainment