Dow Jones industrial average surges to record
NEW YORK (AP) — The Dow has never been higher.
The Dow Jones industrial average surged 154 points early Tuesday, reaching 14,283 and breaking through its previous record high set in October 2007.
The gains represent a remarkable comeback for the stock market. The Dow has more than doubled since falling to a low of 6,547 in March 2009 following the financial crisis and the Great Recession. Stocks have rebounded sharply since then with the help of a large dose of stimulus from the Federal Reserve, even as the U.S. economy has failed to get out of first gear.
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