- NEW YORK: The major US stock indexes closed at multi-year highs on Tuesday, with a late spark coming from JPMorgan after the bank announced it will raise its dividend and repurchase stock.
The Dow Jones industrial average added 217.97 points, or 1.68 percent, to end unofficially at 13,177.68. The S&P 500 Index gained 24.87 points, or 1.81 percent, to 1,395.96. The Nasdaq Composite rose 56.22 points, or 1.88 percent, to 3,039.88.
The Dow closed at its highest level since Dec. 31, 2007, while the S&P 500 posted its best close since June 5, 2008, and the Nasdaq Composite rose to its highest close since Nov. 15, 2000.