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The Boston Globe

Business

Dow reaches record high as stocks rally

The Dow Jones industrial average sailed to a record high on Tuesday, surpassing its pre-recession peak even as the economic recovery remains painfully slow for millions of Americans.

The Dow, perhaps the best known measure of the stock market, closed at 14,253.77 after a 126-point surge that drove the blue chip index past the previous record of 14,164.53 reached in October 2007. Some analysts likened the new milestone to waking from a bad dream: Four years ago on March 9, the Dow plummeted to a low of 6,547.

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