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Dow Ends Above 13,000 for First Time Since 2008
28 Feb 2012 EST -
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Stocks logged a gain Tuesday despite mixed economic reports, with the Dow finishing above 13,000 for the first time since May 2008 and the S&P closing at its best level in almost four years.

The Dow Jones Industrial Average rose 23.61 points, or 0.18 percent, to close at 13,005.12, ending above the psychologically-important 13,000 level for the first time since May 2008.

Microsoft and Intel led the Dow leaders, while AmEx sagged.

The S&P 500 gained 4.59 points, or 0.34 percent, to close at 1,372.18, logging its best close since June 2008. The Nasdaq added 20.60 points, or 0.69 percent, to finish at 2986.76.

The CBOE Volatility Index, widely considered the best gauge of fear in the market, ended around 18.

  • Market Lookahead: Dow Hits 13,000, But Markets Aren't in Clear Yet
  • Apple shares topped $535, hitting an all-time high. Meanwhile, the tech giant announced it is holding an event in San Francisco next Wednesday, but did not specifically mention a new iPad.

    On the economic front, consumer confidence jumped to a one-year high in February, gaining to 70.8 from an upwardly revised 61.5 in the previous month, according to the Conference Board.

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