The Straits Times
Published on Feb 20, 2013

Dow, S&P 500 hit new post-crash highs


NEW YORK (AFP) - US stocks pushed higher on Tuesday, sending the Dow Jones Industrial Average and the S&P 500 to their best levels in more than five years.

US markets kept alive a rally in Europe, where shares rose in all the main exchanges helped by news of soaring investor sentiment in Germany.

Also sparking trade were reports of another possible big merger, of office supply retailers Office Depot and OfficeMax.

The Dow finished up 53.91 points (0.39 per cent) at 14,035.67, its best level since October 12, 2007.