BUSINESS

S&P 500 Hits Highest Level Ever, Breaking October 2007 Record

NEW YORK, NY - APRIL 09:  Traders work on the floor of the New York Stock Exchange on April 9, 2013 in New York City. The Dow
NEW YORK, NY - APRIL 09: Traders work on the floor of the New York Stock Exchange on April 9, 2013 in New York City. The Dow Jones Industrial Average hit a new record trading high of 14,706 today, while closing slightly lower at 14,673.46. (Photo by Spencer Platt/Getty Images)

NEW YORK, April 10 (Reuters) - The U.S. benchmark S&P 500 index on Wednesday rose to its highest level ever, breaking a record that had stood since October 2007.

The S&P 500 earlier hit 1,567.10 to break its previous all-time intraday high by 0.01 point.

The Dow Jones industrial average rose 57 points or 0.39 percent, to 14,730.46 and the Nasdaq Composite added 16.11 points or 0.5 percent, to 3,253.96.

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