US markets pushed close to new records last week


NEW YORK: US markets pushed tantalisingly close to new records last week, a stunning rebound after the steep crash of 2008 wiped trillions of dollars of wealth from Americans' pocketbooks and retirement accounts.

The thrust past 14,000 by the Dow Jones Industrial Average last Friday, the first time that level has been seen since October 17, 2007, underscored the spectacular recovery US stocks have made despite the economy's slow growth.

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