Posted: May 7, 2013 1:40 PM by Associated Press
NEW YORK (AP) - The Dow Jones industrial average is punching through another milestone: its first close above 15,000.
The Dow rose 87 points to 15,056 points Tuesday, a gain of 0.6 percent.
It was another milestone in the market's epic ascent in 2013. Good economic reports, higher corporate profits and support from central banks have eased investors' concerns that another economic slowdown could upend the market.
Two months ago the Dow recovered the last of its losses from the financial crisis. So far this year it's up 15 percent.
The Standard & Poor's 500 rose eight points to 1,625, also a record close. The Nasdaq rose four to 3,396, or 0.1 percent.
Three stocks rose for every one that fell on the New York Stock Exchange. Volume was light at 3.2 billion shares.
(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
PLEASE HELP US MODERATE COMMENTS
Offensive or inappropriate comments are subject to removal. To report a comment, please e-mail us at email@example.com, and include the name of the story and information on the comment.
Thank you! KSBY.com
Get deals up to 80% off here!
Find the lowest gas prices in your area
Submit your photos to KSBY
Check out our calendar of events
Save with Hot Deals across our counties!
Events across the Central Coast
Follow The CW5 on Facebook.
The KSBY online public file.
What do you think? Leave us your feedback.
KSBY is your official CA Lottery station for San Luis Obispo and Santa Barbara Counties