Dow Closes at Highest Level in Nearly 4 Years

By JONATHAN CHENG

The Dow Jones Industrial Average hit a nearly four-year high, boosted by signs of an accelerating U.S. economic recovery and glimmers of hope on the Greek debt crisis.

The Dow surged 123.13 points, or 1%, to 12904.08. Thursday’s rise was the biggest one-day point and percentage gain in two weeks and left the blue-chip index less than 100 points from the 13000 level it last hit in May 2008. The Dow has now run higher for 34 days without a single triple-digit decline, the longest run in more than a year. All 10 sectors of the Standard & Poor’s 500-stock index finished with gains.

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