Dow Surpasses Its Six-Year-Old Record High

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.

Related NPR Stories

Comments

 

Please keep your community civil. All comments must follow the NPR.org Community rules and terms of use, and will be moderated prior to posting. NPR reserves the right to use the comments we receive, in whole or in part, and to use the commenter's name and location, in any medium. See also the Terms of Use, Privacy Policy and Community FAQ.