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Originally published November 18, 2013 at 6:54 AM | Page modified November 18, 2013 at 7:49 AM

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Dow hits 16,000 for first time, S&P 500 hits 1,800

Stock market indexes are hitting new milestones on Wall Street.


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Too bad unemployment is still above 7%.....wonder how many more trillions in cash they... MORE
This is Obama's "anti business" policies at work. MORE

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NEW YORK —

Stock market indexes are hitting new milestones on Wall Street.

The Dow Jones industrial average crossed 16,000 points for the first time early Monday and the Standard & Poor's 500 index crossed 1,800 points.

Stocks have been rising sharply this year as the U.S. economy improves, companies report bigger profits and the Federal Reserve keeps up its easy-money policies.

The S&P 500 index has risen for six weeks straight and is up 26 percent so far this year. A growing number of market watchers are calling for caution after the steep rise.

Boeing rose the most of the 30 stocks in the Dow after the plane maker booked $100 billion in orders at the opening of the Dubai Airshow.



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