Dow Closes Above 15,000

NEW YORK (September 9, 2013)—The Dow closed above 15,000 Monday for the first time since Aug. 23 after two big deals announced Monday suggested growing confidence in the economy.

Luxury retailer Neiman Marcus was sold for $6 billion, and Koch Industries bought electronics component maker Molex for $7.2 billion.

Apple rose a day ahead of a new product announcement and homebuilding stocks rose after Hovnavian Enterprises said home prices are increasing.

The Dow Jones industrial average rose 140 points, or 0.9 percent, to end at 15,063.

The Standard & Poor's 500 rose 16 points, or 1 percent, to close at 1,671.

The Nasdaq composite rose 46 points, or 1.3 percent, to end at 3,706.

Four stocks rose for every one that fell on the New York Stock Exchange, where volume was average, 3 billion shares.

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