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Dow Surpasses Its Six-Year-Old Record High

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Dow Surpasses Its Six-Year-Old Record High

Economy

Dow Surpasses Its Six-Year-Old Record High

Dow Surpasses Its Six-Year-Old Record High

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  • <iframe src="https://www.npr.org/player/embed/6189861/6189863" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

In a historic day for the stock market, the Dow Jones Industrial Average finished at an all-time high. The index closed at 11,727 — beating a record set six and a half years ago. Analysts credit a drop in energy costs and a belief that interest rates have peaked for the rise.

Stock prices have been rising lately because of a confluence of factors: falling energy prices, healthy corporate profits and a widespread perception among investors that interest rates may have peaked.

The price of a barrel of oil fell more than $2 dollars Tuesday, closing below $59 a barrel for the first time since mid-February.

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