NEW YORK (CBSNewYork/AP) — Stock market indexes are hitting new milestones on Wall Street.
The Dow Jones industrial average crossed 16,000 points for the first time early Monday and the Standard & Poor’s 500 index crossed 1,800 points.READ MORE: Storm Watch: Timeline Of Rare October Nor'easter Approaching Tri-State Area
Stocks have been rising sharply this year as the U.S. economy improves, companies report bigger profits and the Federal Reserve keeps up its easy-money policies.
EXTRA: More From CBS MoneyWatch
The S&P 500 index has risen for six weeks straight and is up 26 percent so far this year. A growing number of market watchers are calling for caution after the steep rise.READ MORE: Storm Watch: Flood Safety Tips, Power Outage Links & More
Boeing rose the most of the 30 stocks in the Dow after the plane maker booked $100 billion in orders at the opening of the Dubai Airshow.
Check Out These Other Stories From CBSNewYork.com:
[display-posts category=”news” wrapper=”ul” posts_per_page=”4″]MORE NEWS: New York City Workers, Supporters March Across Brooklyn Bridge To Protest Approaching Vaccine Mandate
(TM and © Copyright 2013 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2013 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)