Dow Closes at Record High as Oil Prices Drop
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After days of flirting with its all-time peak, the Dow Jones industrial average finally set a new record this afternoon. According to preliminary figures the Dow closed at 17,727.26.
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U.S. stocks extended their rally on  Thursday, taking the Dow to its highest close since March, as  oil prices fell -- easing concerns about the impact of high  energy costs on profits and consumer spending.
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Stocks start trading Wednesday with the Dow at a new record high, but oil prices and comments from Federal Reserve policy makers are likely to determine if they can build on that record, or if they'll give up recent gains.
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US stocks fell as oil prices reached a new high, spurring concern that rising energy costs will hamper earnings growth. The Dow Jones industrial average closed below 10,000 for the first time in six weeks.
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Oil hit a record high above $79 a barrel  on Wednesday, propelled by an unexpectedly large drop in U.S.  crude oil stocks that coincided with only a small output  increase from OPEC ahead of peak winter demand.
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A day after closing at a record high, the Dow Jones industrial average retreated Friday after disappointing quarterly reports from Google and Caterpillar.
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Oil prices held near record peaks on  Thursday after a larger-than-expected decline in heating fuels  in the United States heightened fears of a winter supply  crunch.
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Stocks ended higher on Thursday, with the Dow finishing above 14,000 for the first time and hitting a record close, on profits that beat expectations in the technology and industrial sectors.
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The Dow Jones hits a record high in intraday trading - its highest in level for six years - as oil prices continue to slide.
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The Dow Jones industrial average finished at an all-time closing high on Tuesday, surpassing the previous record set in 2000, as investors bet that sliding crude oil prices will stimulate consumer spending and lift corporate profits even as the economy slows.
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NEW YORK : Wall Street shares closed higher on Tuesday, but record oil prices capped the day&#39;s gains amid concerns over a multi-billion-dollar tax bill facing Russian oil giant Yukos.
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In trading Thursday, the Dow Jones industrial average rose 99.26 points, or 0.81 percent, to 12,416.76, another record close.
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The Dow Jones industrial average briefly surpassed its all-time closing high on two occasions this week, only to fall back each time and close below the record.
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The Dow Jones index moves closer to  hitting a record high as worries about US inflation ease.
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The Dow closed at a record on Tuesday, striking above the 14,000 mark for the first time, and the Nasdaq rose to a six-and-a-half-year high on a cascade of stronger-than-expected earnings.
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Oil prices fell heavily from near record  peaks on Wednesday after a sharp build in U.S. crude stocks  spurred traders to take profits from a fierce rally.
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The Dow Jones industrial average set an all-time high on Tuesday, pulling above the previous record set in 2000 as tumbling oil prices led investors to buy shares of consumer and industrial companies that benefit from lower crude prices.