LOCAL 8 WEATHER ALERT: Strong to severe storms are possible Tuesday afternoon and evening, especially on the Plateau. The main threats are damaging winds, heavy downpours, and frequent lightning.
New York (AP) -- It's another big step in the stock market's recovery from seven years of turmoil.
The Dow Jones Industrial Average closed today at the highest-ever end-of-the-day mark, about five points above the previous high close of 11,722.
And the blue-chips had been doing even better earlier in the day, trading higher than the previous trading high of 11,750, before slipping back.
The advance comes on the second day of falling oil prices.
But overall, the market remains choppy. An analyst says traditionally-defensive sectors like utilities and pharmaceuticals have been leading the market higher since its decline in May and June.
Doug Johnston of Adams Harkness in Boston warns that there could be a correction to the downside, after today's record-setting performance.
Copyright 2006 by the Associated Press. All rights reserved.
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or firstname.lastname@example.org.