You would not believe this news, considering all the talk about the sequester budget cuts, but the Dow Jones industrial average rose pass a record high and kept going all the way till closing time.
It jumped from the opening bell, climbed as much as 158 points early and reached 14,286, breaking through its previous record high set in October 2007.
Dow Jones Industrial Average
Dow Jones Indices: .DJI - Mar 5 4:14pm ET
These gains indicate to a remarkable comeback for the stock market. The Dow has more than doubled since falling to a low of 6,547 in March 2009 following the financial crisis and the Great Recession.