Wall Street Continues Climb After Dow Smashes Record

Category: Markets / Finance / Mar 06, 2013 12:09PM EDT
Wall Street rose early on Wednesday and continued to advance its rally a day after the Dow hit its highest level ever. An ADP jobs report showed on Wednesday that private sector hiring was surprisingly strong in February as companies added 198,000 employees. The Fed is gearing up to release its Beige Book report for February at 2 p.m. Eastern in Washington. It includes a summary and analysis of economic conditions in 12 U.S. districts ahead of the March 19-20 meeting of the interest-rate-setting Federal Open Market Committee. The Dow Jones industrial average gained 33.79 points, or 0.24 percent, to 14,287.56. The Standard & Poor's 500 Index rose 4.14 points, or 0.27 percent, to 1,543.93. The Nasdaq Composite Index added 7.91 points, or 0.25 percent, to 3,232.04.