The Dow Jones Industrial Average on Monday afternoon was climbing sharply higher, supported by components Boeing Co. and 3M Co. Shares of Boeing Co. and 3M were up about 2%, adding about 80 points to the price-weighted Dow . A $1 move in any one of the Dow’s 30 components equates to a 6.89-point swing in the average. The Dow was most recently up 340 points, or 1.3%, at 25,638, putting the gauge 3.7%, or 969 points, shy of its all-time peak hit Jan. 26 at 26.616.71. Stock benchmarks have moved briskly higher since slipping into correction territory on Feb. 8, defined as a drop of at least 10% from a recent top. Meanwhile, the S&P 500 index was up 0.9% at 2,772, about 3.6% shy of its all-time high at 2,872.87, while the Nasdaq Composite Index was 1.4% short of its recent peak at 7,505.77, trading up 0.9% at 7.399.
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