NEW YORK (March 5, 2013)--The Dow closed Tuesday at a record high, beating the previous record set in October 2007, before the financial crisis and the Great Recession.
The Dow Jones industrial average rose 125.95 points, or 0.9 percent, to close at 14,253.77 Tuesday, beating its previous record by 89 points.
The index is up 8.8 percent this year, capping a remarkable comeback.
The Dow has more than doubled since hitting a 12-year low in March 2009.
The Standard & Poor's 500 index rose 14 points, or 1 percent, to end the day at 1,539.
The S&P is also within striking distance of its record close of 1,565.
The Nasdaq gained 42 points, or 1.3 percent, to close at 3,224.
Three stocks rose for every one that fell on the New York Stock Exchange where volume was light at 3.3 billion shares.