Dow tops 18,000 as market reaches new highs

FILE - In this Tuesday, Nov. 18, 2014 file photo, traders David O'Day, left, and Christopher Fuchs, work on the floor of the New York Stock Exchange. The withdrawal of the Federal Reserve stimulus failed to dampen the mood on Wall Street. Both the Dow Jones industrial average and the S&P 500 hit a series of all-time highs in 2014 amid growing confidence over the state of the US recovery. (AP Photo/Richard Drew, File)

NEW YORK (AP) — Stocks are pushing further into record territory as the Dow Jones industrial average tops 18,000 points for the first time.

Traders have been encouraged by signs of strength in the U.S. economy and reassurances that the Federal Reserve won’t interest rates soon.

There was more encouraging news early Tuesday as the U.S. government reported that the economy powered ahead at a 5 percent annual rate in the third quarter. That was the fastest pace in more than a decade.

The Dow Jones industrial average rose 43 points, or 0.2 percent, to 18,003 as of 9:35 a.m. Easter.

The Standard & Poor’s 500 rose six points, or 0.3 percent, to 2,084.

The Nasdaq rose six points, or 0.1 percent, to 4,787.

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