U.S. Stocks: Dow Jones Industrial Average Closes Even Higher, Setting New All-Time High

by Colonel on March 6, 2013

“The Dow edged up 42.47 points, or 0.3 percent, to close at 14,296.24. An encouraging job-market report helped nudge the stock market up and pushed bond prices lower

On Tuesday, the Dow blew past the previous all-time high it hit more than five years ago. The index of 30 big corporations has more than doubled since hitting a low during the financial crisis in March 2009.

The question now is, how much longer can it keep climbing?

In the past, stock indexes have often drifted lower in the months after breaking through previous record highs.

“There is literally nowhere else to go,” Brown said. “Do you really want to make 1.9 percent on a 10-year Treasury? You won’t make any money doing that.”

In other trading, the Standard & Poor’s 500 index rose 1.67 points, or 0.1 percent, to 1,541.46. The Nasdaq slipped 1.77, less than 0.1 percent, to 3,222.36.

” — Copyright 2013 The Associated Press

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