“The Dow Jones industrial average may finally hit its record high Tuesday.
Recent gains have left the Dow less than 40 points away from its all-time closing high if 14,164.53, and only about 70 points below its record intraday high of 14,198.10. Both were set in October 2007.
The S&P 500 is also within 2.6% of its record closing high of 1,565.15, also reached in October 2007.
U.S. stock futures were narrowly firmer ahead of the open.
Stocks have had a strong start to 2013. Even with a largely uneventful, February, all three indexes are still up between 7% and 8% so far this year.
Investors will also be looking for any signs of progress in talks to end the budget impasse in Washington, known as sequester. The Obama administration has started making $85 billion of cuts and some federal workers have started getting furlough notices.
U.S. stocks shrugged off the budget fight to end higher Monday….”
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