Dow Jones Hits Record High

Sequester not so depressing

The benchmark Dow Jones industrial average set a new intraday trading record Tuesday on news that China was pledging to plow more money into its economy, returning the markets to highs not seen since before the 2008 financial crisis.

By 10 a.m. Tuesday, the Dow was up nearly 90 points, or 0.74 percent, to 14,216.70, blowing past a record that was set Oct. 11, 2007, during a time when the economy was just peaking and headed toward disaster. The previous intraday-trading high was 14,198.10.