Dow rallies to new 5-year high

A rally on Wall Street gained momentum late Wednesday as investors welcomed more upbeat housing data and a second day of dovish testimony from the chairman of the Federal Reserve. The Dow Jones industrial average rallied 175 points, or 1.2%, to end at its highest level since October 2007. The S&P…

Read more from the original source: 
Dow rallies to new 5-year high