Dow Jones sets record for highest close

Dow Jones sets record for highest close

March 5, 2013 Updated Mar 5, 2013 at 5:55 PM EDT

The Dow Jones Industrial Average set the record for the highest close on Tuesday.

The blue-chip index hit an all-time hgh of 14,286.37, which is above its previous all-time high of 14,198.10 that was hit on October 9, 2007.

The Dow is up nearly 9 percent in 2013, surpassing the 7.3 percent gain for all of 2012.

The Dow fell 54 percent over the next 18 months after the October 2007 peak, bottoming out at 6,547 in March of 2009. Since that low, the Dow has more than doubled.

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