Dow hits 5-year high despite US budget mess
- Published: 2 Mar 2013 at 05.49
- Online news: World
The Dow Jones Industrial Average reached a new five-year high Friday as investors looked past the risks to the economy of impending federal spending cuts and bid up equities.
A trader works on the floor of the New York Stock Exchange at the end of the trading day on February 4, 2013 in New York City. The Dow Jones Industrial Average reached a new five-year high Friday as investors looked past the risks to the economy of impending federal spending cuts and bid up equities.
The Dow jumped 35.17 points (0.25 percent) to 14,089.66, less than 100 points from all-time high of 14,164.53 on October 9, 2007, ahead of the markets crash and the Great Recession.
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