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Dow Hits All Time High

by KREX News Room
by Associate Press

Story Created: Mar 5, 2013 at 9:40 AM MDT

Story Updated: Mar 5, 2013 at 1:44 PM MDT

NEW YORK CITY - The Dow has never been higher.

The Dow Jones industrial average jumped more than 100 points in the opening minutes Tuesday to reach an all-time high, powered by China's strong economic growth targets and a jump in European retail sales.

The index is on track to close above its record of 14,164 reached on Oct. 9, 2007. It's up 7.8 percent for the year.

Asian markets rose as China pledged to stick to ambitious growth targets for its economy, the world's second largest. European stocks also jumped because of retail sales in the region rose sharply.

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