Dow Jones Industrial Average reaches 5-year record high

Dow Jones Industrial Average index traded higher on Tuesday as higher than expected manufacturing activity in April lifted investor sentiment. Blue chip index rose 0.50% or 65.69 points and closed at 13,279.32. reaching the record high since late 2007. 22 stocks of 30 posted gains. Alcoa and Bank of America led the gains each adding 2.5%. On the downside Cisco Systems slipped 0.9% and Caterpillar gave up 0.6%.