Saturday, March 16, 2013

Dow Sets New High, S&P 500 Closes On Record

The Dow Jones Industrial Average rose 42.47 points, or 0.3%, Wednesday to close at 14,296.24, a new record. The Dow is up 1.72% in the past four days, and has risen 9.1% in 2013.

The Standard & Poor’s 500 index gained 0.11% to close at 1,541.46, its highest close since Oct. 31, 2007. The index is now just 1.5% off its record close of 1,565.15, hit on Oct. 9, 2007. There many stocks in the S&P 500 that aren’t in the Dow, of course, but one can’t help but notice that only one of the two indexes features Apple (AAPL) and its 20% year-to-date decline.

The small-cap Russell 2000 index rose 0.28% today, to close at 929.96, the second highest level in its history behind the record 932 hit on Feb. 19. The index is up 9.49% this year.



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