STOCK RALLY

Dow Highest Since October 2008

After more than a year and half of recession, the U.S. stock market may be getting a reprieve. The Dow Jones Industrial Average reached its highest point since October 2008 on Wednesday. Buoyed by evidence that the economic recovery isn't pushing inflation, the Dow rose for its seventh consecutive session, reaching 10767.98 in the afternoon. Meanwhile, the Standard & Poor's 500 Index grew 0.8 percent to 1169.20. "There's nothing here to stop the stock rally," said one investment strategist. "That comes on the heels of the Fed's statement yesterday that we don't have to tighten because inflation is not an issue."