Dow Surges to All-Time High

WASHINGTON, March 5 (RIA Novosti) – The Dow Jones industrial average surged Tuesday to a new all-time high as investors shrugged off the current partisan wrangling in Washington over the US budget and took the blue-chip index to its highest level since October 2007. The Dow closed at 14,253.77, up nearly 126 points for the day, handily surpassing its previous record close of 14,164 and its intraday high of 14,198, also reached in 2007.

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