S&P 500 index breaks through 2007 record high

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Associated Press

Posted on April 10, 2013 at 9:04 AM

Updated Wednesday, Apr 10 at 10:02 AM

NEW YORK (AP) — The Standard & Poor's 500 index is pushing through its previous all-time high set in October 2007 as stocks climb in midday trading on Wall Street.

The benchmark index is up 16 points, or 1 percent, at 1,585, breaking its high of 1,576 set before the financial crisis.

Other indexes also rose Wednesday, led by technology stocks.

The Dow Jones industrial average rose 125 points, or 0.9 percent, to 14,799. The Dow was on its way to another record high close, having set its latest one the day before. Intel was the biggest gainer in the Dow, up 3 percent.

The Nasdaq composite index, which is heavily weighted toward technology stocks, rose even more than the Dow and S&P. The Nasdaq rose 1.6 percent, or 52 points, to 3,290.

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