Dow Hits Highest Level Since 2007

The Dow Jones Industrial Average hit its highest closing level on Tuesday since 2007, finishing the day up by more than 200 points and above 13000. The surge was led by JP Morgan, which was up seven percent by close after unveiling a $15 billion buyback. Bank of America, Citigroup and Goldman Sachs all added at least five percent, while Apple rose 2.7 percent—the fifth straight day the company finished up. Benchmark gauges were up after data showed retail sales increased 1.1 percent in February.