The Dow has never been higher.
The Dow Jones industrial average surged passed its record high and kept going on Tuesday. It jumped from the opening bell, climbed as much as 158 points early and reached 14,286, breaking through its previous record high set in October 2007.
The Dow opened higher following a surge in markets across the globe. China’s markets rose after the government said it would support ambitious growth targets. European markets jumped following a surprisingly strong rise in retail sales across the 17-country group that uses the euro. In the U.S., more hopeful news about housing kept the momentum going.
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Wall Street rocketed higher in the final trading session of what has been a tumultuous month as traders cheered a coordinated action by central banks to buttress money markets and a bounty of bullish economic data, pushing the Dow and S&P 500 above psychologically-important levels. View full article »
Growing concerns that European leaders may struggle to contain the currency bloc’s two-year-old debt crisis before it puts larger economies in peril and a slew of developments on now bankrupt derivatives brokerage MF Global ignited a dramatic selloff on Wall Street that left the blue chips close to 600 points to the downside over a two-day period. View full article »
The FBI is investigating threats purportedly from the hacking collective that calls itself Anonymous to bring down the New York Stock Exchange on Monday by hacking into its computer system.
Members of the notorious hacker group appear to be threatening to bring the Occupy Wall Street protests in New York to a dangerous new level, sounding a call to “declare war on the New York Stock Exchange” on Monday by “erasing” it from the Internet.
“The FBI is aware of these schemes and threats and is looking into the matter,” FBI spokesman Tim Flannelly told FoxNews.com. View full article »