Added by Gary Dunn on March 11, 2013
The Dow Jones Industrial Average, closed at an all-time record on Monday, the seventh trading day in a row that the influential index continued to rise and set new records.
The Dow closed at 14,447.29 an increase of 1.3% or 193.52 points over the record set on March 5. The index is up 10% over the last year. Only 5 of the index’s member companies were down at the close of trading, with Boeing and Merck leading the gainers.
Traders say the Dow’s new record is likely influenced by factors that include a jump in Apple on speculation of several new features in its release of the next iPhone along with anticipation of a dividend – the first in the company’s history and BlackBerry is up based on news the its new Z10 will be sold in the US by AT&T starting March 22.
The Dow Jones Industrial Index is comprised of 30 of America’s largest companies that include 3M, AT&T, General Electric, Microsoft, Wal-Mart, The Home Depot, and McDonald’s.
The global economic crisis of 2008-2009 has since transformed into the 2008-2012 global recession which contributed to the European sovereign-debt crisis.