RAW VIDEO: Dow Rise Sets Fresh High Despite Fed Report

The Dow pushed to fresh highs Wednesday one day after notching an all-time record, even as the Federal Reserve said economic growth continued at a dull pace.

Published

3 months ago

Categories

Finance, US

Topics

Finance, United States

Places

United States of America, New York

Companies

Nyse Euronext

Transcript

SHOTLIST: NEW YORK, 6 MARCH, 2013 SOURCE: NYSE **NO RESALE for non-editorial purposes** -VAR of closing bell at New York Stock Exchange after new record for Dow Jones index ------------- AFP TEXT STORY Stocks-US-close Dow rise sets fresh high despite Fed report NEW YORK, March 6, 2013 (AFP) - The Dow pushed to fresh highs Wednesday one day after notching an all-time record, even as the Federal Reserve said economic growth continued at a dull pace. At the closing bell, the Dow Jones Industrial Average rose 42.62 (0.30 percent) to 14,296.39, a new all-time high. The broad-based S&P 500 edged up 1.68 (0.11 percent) to 1,541.47, while the tech-rich Nasdaq Composite Index declined 1.77 (0.05 percent) to 3,222.37. The market gains came despite a mixed report on US economic conditions from the Federal Reserve. Although the Fed's Beige Book showed "modest to moderate" economic expansion, it noted concerns about the impact of new tax hikes on consumer spending. jmb/pmh