Dow Jones at its highest level since 2007

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Source: Dukascopy Bank SA
U.S. shares climbed for week, pushing the Dow Jones Index to its highest in five years, as data on U.S. economy topped the forecasts. Purchases in the U.S. rallied to the highest in four years. The Dow Jones Industrial Average jumped 0.6%, or 89.09 points, to 14,089.66, the highest level since October 2007. All but two groups in the gauge advanced. Consumer services surged 0.8%, as Walt Disney Co shares rose as much as 1.4% to close at $55.33. Wal-Mart Stores Inc. also supported consumer services group with a 1.4% advance. The suppliers of Wal-Mart have agreed to pay around $145,000 back in wages to 160 workers at a Cambodian factory after a two-day hunger strike. Furthermore, International Business Machines Corp. added 1.04%to trade at $202.91 by its close and paced gains in the technology shares that were 0.8% higher. Meanwhile, Caterpillar slumped 1.1% dragging down industrial shares.
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Mon, 04 Mar 2013 12:17:04 GMT

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