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Dow Breaks 16,000 For First Time In History

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TWC News: Dow Breaks 16,000 For First Time In History
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They're making history on Wall Street Monday as a pair of key stock indices surge into uncharted territory.

The Dow Jones industrial average crossed the 16,000 mark for the first time in its 117-year history, and the broader Standard & Poor's 500 index similarly edged past 1,800.

Neither ended the session beyond those milestones, but they're signs the U.S. economy is continuing to recover from the crisis five years ago.

Companies are reporting heady profits, and interest rates remain near historic lows.

In all, both the Dow, a composite of the performance of 30 top U.S. stocks, and the S&P 500 have crossed all-time highs more than 30 times in 2013.

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