NEW YORK (AP) - The Dow Jones industrial average has climbed above 14,000 today for the first time since the Great Recession.
The Dow has gained 6.7 percent since the start of the year. A budget deal, struck at the start of the year in Washington, that allowed the U.S. to avoid the "fiscal cliff" was the catalyst for a January rally.
Investors then pushed stocks higher amid optimism that the housing market is maintaining its recovery and that the jobs market is slowly healing.
Dow Jones Averages
30 industrials 13960.30 up 99.72 or 0.72 percent
20 transportation 5844.80 up 40.57 or 0.70 percent
15 utilities 475.21 up 1.21 or 0.26 percent
65 stocks 4766.61 up 30.08 or 0.64 percent
Major Market Indexes
New York Stock Exchange unchanged
NYSE MKT Composite 2429.85 up 16.19
Nasdaq composite 3159.76 up 17.63
Standard and Poors 500 1506.61 up 8.50