Dow Jones industrial average hits record

Business

Jamie Dimon, chairman and CEO of the country’s biggest bank, faces a key test this week: His shareholders are voting on whether to let him keep both jobs.Today 2:37 pm

JPMorgan shareholders rally behind Dimon

JPMorgan Chase Chief Executive Officer Jamie Dimon Tuesday won shareholder support to remain chairman, surviving a campaign to split the roles after a record trading loss at the biggest U.S. bank.Today 2:22 pm

Markets choppy ahead of Bernanke testimony

LONDON (AP) — Markets were fairly choppy Tuesday as investors were reluctant to push stock indexes up further ahead of a much-anticipated statement from U.S.Today 7:09 am

NEW YORK – The Dow Jones industrial average is trading at an all-time high.

The index surged past its previous record set in October 2007, gaining 145 points to stand at 14,273 at midday Tuesday. That’s a gain of 1 percent.

The index is now up nearly 9 percent for the year, capping a remarkable comeback since the depths of the financial crisis. The Dow has doubled since bottoming out at a 12-year low in March 2009.

Tuesday’s gains were driven by industrial and technology stocks. IBM, United Technologies and 3M led the Dow higher.

The Standard & Poor’s 500 index rose 16 points, also 1 percent, to 1,541. The S&P is also within striking distance of its record close of 1,565. The Nasdaq composite gained 43 points, or 1.4 percent, to 3,225.

Dow closes at all-time high