Dow hits 16,000 for first time, S&P 500 hits 1,800 - WRCBtv.com | Chattanooga News, Weather & Sports

Dow hits 16,000 for first time, S&P 500 hits 1,800

Posted: Updated:
Traders John Bowers, left, and Peter Tuchman work on the floor of the New York Stock Exchange last week. AP photo Traders John Bowers, left, and Peter Tuchman work on the floor of the New York Stock Exchange last week. AP photo
NEW YORK (AP) - Stock market indexes are hitting new milestones on Wall Street.

The Dow Jones industrial average crossed 16,000 points for the first time early Monday and the Standard & Poor's 500 index crossed 1,800 points.

Stocks have been rising sharply this year as the U.S. economy improves, companies report bigger profits and the Federal Reserve keeps up its easy-money policies.

The S&P 500 index has risen for six weeks straight and is up 26 percent so far this year. A growing number of market watchers are calling for caution after the steep rise.

Boeing rose the most of the 30 stocks in the Dow after the plane maker booked $100 billion in orders at the opening of the Dubai Airshow.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Powered by Frankly