You choose, we deliver
If you are interested in this story, you might be interested in others from The Journal Gazette. Go to www.journalgazette.net/newsletter and pick the subjects you care most about. We'll deliver your customized daily news report at 3 a.m. Fort Wayne time, right to your email.

Business

  • Stockings full of bargains
    Even though it’s still summer and Christmas is more than three months away, retailers – worried by dismal second-quarter earnings and desperate to attract shoppers – are gearing up for a holiday season ­expected to
  • Avon quitstrade groupover bylaws
    Avon Products is leaving the trade association it helped found more than a century ago, writing in a letter to other member companies this month that the group’s bylaws might not adequately protect consumers from fraud.
  • week ahead
    Today• National Association of Realtors reports existing home sales for AugustWednesday• Commerce Department reports new home sales in AugustThursday• Labor Department reports
Advertisement

Dow closes at all-time high

NEW YORK – The Dow has closed at a record, beating the previous high it set in October 2007, before the financial crisis and the Great Recession.

The Dow Jones industrial average settled at 14,253.77 points, a record high, up 125.95 points, or 0.9 percent.

The Dow Jones industrial average rose 126 points, or 1 percent, beating its previous record by 89 points.

The index is up nearly 9 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 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 3,224.

Three stocks rose for every one that fell on the New York Stock Exchange. Volume was light at 3.3 billion shares.

Advertisement