Dow Inches Closer to Record High

Business

0  Updated at 3:35 pm, March 4th, 2013 By: ABC Digital
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Hemera/Thinkstock(NEW YORK) — The Dow finished Monday a little closer to its record high after overcoming an early loss, caused by new steps from China to rein in its booming housing market.

The Dow Jones Industrial Average closed at 14,127.82. The index is now just 37 points shy of it’s all-time high reached in October 2007.

The S&P 500 added seven points, or 0.5 percent, to close at 1,525.20. The Nasdaq Composite closed up 12.29 points, or 0.4 percent, at 3,182.03.
 
Shares of energy company Hess jumped 3.46 percent after the company said it would sell its retail business and focus on exploration and production.
 
Apple shares dropped 2.42 percent to their lowest level in a year.
 
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