By and  on March 20, 2013

Wall Street hit a new all-time high today as the Federal Reserve said it would continue to support the recovery and fears surrounding Cyprus’ debt troubles eased.

The S&P 500 Retailing Industry Group showed a fair amount of pep and was up 1.1 percent, or 7.93 points, to 718.87 as the close approached. The Dow Jones Industrial Average hit an intraday high of 14,546.82 and was up 0.4 percent, or 61.70 points, to 14,517.52in the final minutes of trading.

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