Wall Street hovers near 4-yr highs; Apple up

March 19th, 20124:25 pm @

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NEW YORK |
Mon Mar 19, 2012 12:16pm EDT

NEW YORK (Reuters) – The SP 500 rose on Monday to trade less than 10 percent below its historic closing high set in October 2007, as news that Apple will start paying a dividend again added to optimism spurred by weeks of strong economic data in the United States to continue to lure investors into U.S. stocks.

The Dow Jones industrial average .DJI gained 20.25 points, or 0.15 percent, to 13,252.87. The SP 500 Index .INX rose 6.03 points, or 0.43 percent, to 1,410.20. The Nasdaq Composite .IXIC added 21.10 points, or 0.69 percent, to 3,076.36.

The SP 500’s session high of 1,410.44 was less than 10 percent below the benchmark’s historic closing high of 1,565.15 set on October 9, 2007.

(Reporting by Rodrigo Campos; Editing by Jan Paschal)

Article source: http://feeds.reuters.com/~r/reuters/businessNews/~3/JeMO_viJRYc/us-markets-stocks-idUSBRE82I0CT20120319